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

To: westpacific who wrote (48986)	1/7/2006 12:22:15 PM
From: UncleBigs	Read Replies (2) \| Respond to of 110194

West...appreciate your thoughts. Prechter is calling for a grand supercycle top in the 1290 to 1300 range on the S&P500. I'm not sure Prechter has any credibility left whatsoever but I think he eventually is right. It "feels" like we're at a tipping point. Both the bears (not all but many) and the bulls are bullish while the core is melting down. Interesting thought on Bernanke but I'm not sure how introvert vs. extrovert matters. I do think he'll be way behind the curve on monetary conditions. A hike to 4.75% on Fed Funds will almost ensure a housing meltdown in bubble markets and probably cause a subprime liquidity event. Of course, I think that might be what he wants. He needs a crisis as an excuse to aggressively ease.