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

To: Lazarus_Long who wrote (14556)	3/3/1998 4:02:00 PM
From: Tommaso	Read Replies (1) \| Respond to of 94695

I guess I am a worse deadbeat than you. I charge everything because I get a one percent rebate on every single purchase on the card I use, and then I pay it off every month. Some people do a lot better, getting frequent flyer miles. Someone posted this site recently. From it, you can see that bankruptcies are increasing at a near-exponential rate in the middle of what is supposedly a thriving economy: abiworld.org How can this continue? Are we going to have a massive cancellation of debt the way the Aztecs did once a year? Other reports recently--such as in the New York Times a couple of weeks ago--show margin debt being taken on by people with appreciated stock portfolios, who are spending the money. Any moderate correction in the market could force such positions into closure. To me the stock market at this point is sailing along like Howard Hughes's "Spruce Goose," that monster seaplane made entirely of wood, that flew for a few miles at a low altitude and then settled back never to fly again.