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

To: yard_man who wrote (173)10/15/1998 5:52:00 PM
From: The Ox  Read Replies (2) | Respond to of 259
 
For AG to react this quickly and reduce rates again, says a ton. The problems facing the world markets are dramatic and probably a lot larger then many believe. This could be the final blow off before a crash.

For most of the past year I have been berating AG for not lowering rates. I truly believe he has waited too long and the worst is yet to come.

Michael



To: yard_man who wrote (173)10/15/1998 8:29:00 PM
From: Jay8088  Read Replies (1) | Respond to of 259
 
It may be so. But today's short squeeze took out some mucho important resistance with conviction. This could be a psychological change after the thick pessimism.


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