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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: NOW who wrote (76146)	7/26/2007 4:45:44 AM
From: Real Man	Respond to of 94695

It's not 1999, thanks to the Re bubble unwinding and the dollar going down. The dominos are falling, slowly but surely, even as everyone continues to be dancing. Hey, even Citi CEO said they will keep dancing until the music stops, and when it stops things will turn ugly. Now it's junk corporate debt which is used for stock repurchases, AA is next. Lots of fraud in the OTC derivatives, as we have seen with Bear Stearns funds. No market = price them derivatives and bonds however I want, right until the music stops (escalating non-payments to topple the pyramid). Then a surprising swing from posting profits (May) to saying what's left is zero (June). A credit crunch of unprecedented proportions is now developing. Stock market will catch up eventually, but this is the last domino to fall, well, second to last. The last one is actually the treasuries, cause they are risk free.... NOT! -g- Them dominos are falling elsewhere -g- Stocks could start falling any moment now, cause now the domino right next to them is falling (corporate debt). I'm not saying BK, but it seems stocks have a lot of catching up to do to the downside. -g-