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


To: Mike Johnston who wrote (71052)10/5/2006 8:37:23 AM
From: Perspective  Read Replies (1) | Respond to of 110194
 
<in a bubble, the economy doesn't influence asset prices, it is the other way around>

Gotta staple that to my forehead. Keep getting smacked by thinking this market might behave like historical cycles. All the investors are long gone. All we have left is gamblers; they have everything to gain if they bet big and win, and absolutely nothing to lose if they bet big and lose. Darned shame it's ruining the entire economy for their game.

BC



To: Mike Johnston who wrote (71052)10/5/2006 11:14:08 AM
From: mishedlo  Read Replies (2) | Respond to of 110194
 
Ork just told me "The Palm restaurant in Troy, MI in your anecdote just closed."

Posted on my blog:
Might as well add Sacramento to your anecdote pile:

My girlfriend and I went out to a popular burger restaurant & bar in downtown Sacramento last Friday night. Getting there around 7PM, we figured we’d have the usual 45 minute wait. Not this time. We were seated immediately and our food came within 10 minutes. The place was half-full at best, with two people in four-person booths. Our waitress was very attentive.

We were so shocked at how uncrowded it was, we drove down J street, past the dozens of restaurants in midtown Sacramento. Not one line. Not one full house. I’ve lived in Sac for 10 years and I’ve never seen it like that before.
Max


BTW anyone heard of Kaiser Foundation Health Plan and Hospitals?
I had not heard of it and one of the responders was amazed by that.

Mish