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To: drsvelte who wrote (4021)10/9/1998 2:40:00 PM
From: Lucretius  Respond to of 14427
 
people that think like him will cause the rally I am talking about next week, and many like him will cover their shorts (these are the majority of the shorts). They are ALL missing the REAL problem, the yield dropping is not the cause of this but an effect of capital destruction that took place last Oct in Asia, this Summer in Russia and here in August, all of these things add up as liquidity slowly dries up. We sell off on Mon, and then we rally BIG on Greenie's rumored rate cut... then they cut.... and we crash and everyone is standing around saying... WHY?

the "why" is necessary in order to have a crash.