Bubble bursts finally with a vengence!

Tom Lehman uswa12 at lorainccc.edu
Fri May 14 08:42:03 PDT 1999


Another sheep dip, the second in ten days(?). My guess is the sheep shearing will not take place until the Yugoslavian Affair is over---although some may unload now.

Your email pal,

Tom L.

Doug Henwood wrote:


> Henry C.K. Liu wrote:
>
> >It looks like the real thing this time.
> >All shares dropping rapidly, Europe lost an average of 2% overnight.
> >Dow is dropping faster than I can type - 121 points in 8 minutes since
> >opening and falling.
> >30 yr bond edges towar 6%.
> >If it continues into next Monday, it will be all over.
> >If it doesn't, the next correction will try again within days.
> >Summers is facing a tst of fire!
>
> Henry, you optimist!
>
> Doug



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