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To: MythMan who wrote (4882)9/1/1998 9:11:00 AM
From: John Dally  Read Replies (2) | Respond to of 86076
 
MM,

Since the market has moved at an unprecedented rate the last few days, it seems to be striving somewhere (much lower) very fast. Here's a chart that should get Mike & Will really excited:

tscn.com

Perhaps Joe can explain why in a time of increasing anxiety world-wide, gold stocks are hitting new lows. Are we headed towards deflation like in the 30's?

John.



To: MythMan who wrote (4882)9/1/1998 10:55:00 AM
From: Mike M2  Respond to of 86076
 
MM, I have told you what the future holds severe tough love fer de bulls. The biggest bear mkt since the 30's Why? briefly the bigger the boom the bigger the bust. Excess debt, capacity, overvaluation, tough lovin' becomes a " virtuous circle" .Two Trillion in mkt cap has disappeared since de peak -the negative wealth affect. This number dwarfs the baby brat money flows into de mkts as well as all de foreign money seeking "safety" Look to the past to see what the future holds. Some gold-eagle reading fer you. gold-eagle.com gold-eagle.com The exact timing of the future disaster matters little because the magnitude of the ineviatable tough love. Mike ho ho ho ho ho ho ho ho ho