>You're right on the money there, MBS. Permabear James Grant, e.g., blew
>away his Street cred long ago for that very reason. But as stopped
>clocks go, JG seems to be keeping the correct time right now. Would
>suggest that you read his "The Coming Bust" in the WS Journal today. JG
>hedges his forecast but certainly underscores the right systemic
>weaknesses -- weaknesses that the "Blue Chip" consensus has (hitherto)
>ignored.
First thing I thought when I saw Grant in the Journal was, "Is this a buy signal?"
Doug