Rally! Rally!

Dennis R Redmond dredmond at OREGON.UOREGON.EDU
Mon Sep 28 13:35:45 PDT 1998


On Mon, 28 Sep 1998 JayHecht at aol.com wrote:


> According to the Barron's pundits, over the last 30 years, every financial
> panic has been followed by a bull market:
>
> 1970 - Penn Central
> 1985 - Continental Bank
> 1990 - near-bankruptcy of Citibank

Actually, the market got killed in the Seventies. The most you could say is that financial panics have been followed by a bull market in Government bailouts of the miscreants involved. T-bonds are the mutual funds which keep the mutual funds in business (at least, until the euro arrives).

-- Dennis



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