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

To: Jay8088 who wrote (156)	9/30/1998 9:24:00 AM
From: yard_man	Read Replies (1) \| Respond to of 259

Oh, how I wish you were right. I sure could use the money.

To: Jay8088 who wrote (156)	9/30/1998 10:37:00 AM
From: Bucky Katt	Read Replies (1) \| Respond to of 259

With the bailout of Long Term Capital, at the "behest" of the FED, this should indicate just how skunky the markets really are. When I went to school, this type of action was called communism, as in the state allows nothing to fail. The markets may hold today, because the big houses need to end the month clean, but watch out for the rest of the week, and next week should be a real eye opener. The US economy is starting to look like the Japanese economy. At some point, lower interest rates mean nothing. Just look at Japan, with a .25% borrow rate.