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Strategies & Market Trends : The Millennium Crash -- Ignore unavailable to you. Want to Upgrade?

To: clochard who wrote (4144)	5/4/1999 9:21:00 AM
From: clochard	Read Replies (2) \| Respond to of 5676

What we have is a liquidity driven market powered by people taking out home equity loans and giving the money to mutual fund managers and telling them: make me 25% profit! The money managers, having no choice but to obey and in a desperate attempt to beat an overall flat market, buy up high flying stocks at fantasy prices. The fallout of this new order arrangement will be doubly severe: people who borrowed against their very lives will be hit the hardest at the time when they can least afford it. But Peter Lynch and Don Rickles will keep them happy if they still have a TV to watch.