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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Crimson Ghost who wrote (48055)	12/23/2005 10:22:16 AM
From: russwinter	Read Replies (1) \| Respond to of 110194

Big question is do we get a modest correction or a sharp drop?> "Those who had been riding the upward wave decide now is the time to get out. Those who thought the increase would be forever find their illusion destroyed abruptly, and they, also, respond to the newly revealed reality by selling or trying to sell. And thus the rule, supported by the experience of centuries: the speculative episode always ends not with a whimper but with a bang. -John Kenneth Galbraith writes in his book "A Short History of Financial Euphoria"