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Strategies & Market Trends : Bill Fleckenstein, the BEAR! Is he finally right? -- Ignore unavailable to you. Want to Upgrade?


To: George Burke who wrote (62)9/3/1998 8:03:00 PM
From: Mike M2  Read Replies (1) | Respond to of 259
 
George, look at SEA to see how quickly liquidity can disappear. Since the July peak Two Trillion dollars of wealth has vanished -this number vastly exceeds the money flows from the baby brats and the much larger foreign money flows. We are in a bubble and a ponzi scheme. The bear is here to stay. Mike



To: George Burke who wrote (62)9/3/1998 8:16:00 PM
From: Joseph G.  Respond to of 259
 
<<enlighten me as to where people will put their money >>

there are two ways:
(i) you want to keep your money, then keep it in the bank;
(ii) it burdens you too much - then give it away for a song your broker sings ...



To: George Burke who wrote (62)9/3/1998 8:20:00 PM
From: Skeeter Bug  Respond to of 259
 
boomers are exiting stock funds...

exchange2000.com



To: George Burke who wrote (62)9/3/1998 9:23:00 PM
From: yard_man  Read Replies (1) | Respond to of 259
 
Many things can dent your beloved liquidity. You are thinking just about US monies -- also, you don't seem to understand that the levels which we were at in July could only be sustained by increasing money flows. Where is the next bang of money coming from now that capital has fled almost everywhere else in the world to drive up our market?

People that are laid off don't fund 401k's either. There have been some outflows from mutual funds lately -- I guess there's no chance that others might act to preserve their capital as well?



To: George Burke who wrote (62)9/4/1998 1:28:00 PM
From: Knighty Tin  Respond to of 259
 
Cousin George, Yup, that liquidity argument worked wonders for the Nikkei in the late 1980s. -g-

Seriously, there are scores of places to put your money other than a bloated US stock market, including some that are not overpriced, such as foreign stocks at the bottom, real assets, options, futures, income plays, ad infitum. Assuning that the boomers continue to have jobs that provide them with excess spending power, which they will not.

Good Luck,

MB