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Strategies & Market Trends : SiliconInvestor All Stars Forum -- Ignore unavailable to you. Want to Upgrade?

To: stockfiend who wrote (1091)	7/28/2007 11:02:54 AM
From: John Vosilla	Read Replies (1) \| Respond to of 1718

Most stocks get decimated in sharp nasty corrections even in bull markets.. And the jury is out whether this is really a new sustainable bull market. As too many looked at the housing/credit bubble as the holy grail of a doom and gloom scenario they were looking in the wrong places IMHO. It is all about currencies, long term rates and unwinding of the leveraged financial weapons of mass destruction created on Wall Street that could come back to bite us and end the global boom of late IMHO. Any rapid movement in the dollar from here in either direction is bad news. Unwinding yen carry trade is huge as well.. A major hurricane in the GOF taking oil over $100 a barrel on a sustained basis is also horrible as is any rapid move up in long term rates to 6%+. A few more people losing their home in foreclosure where they still have a job and never had any equity to begin with is not a big deal as the holders of US dollars really take the hit just like we are taking it from the Iraq war..