>Right. The Dow is off 293.75 right now; that might provoke some
>investigation of the dustier Rolodex cards.
Look, I know I'm over budget here, but both my morning paper and my Sony are blabbing at me about how Ozzie markets are gonna be taking great heart from Wall St's Friday bounce. And then I have to wear a lot of bollocks about ten unbroken years of running bulls. Er, what am I missing?
Ain't the NASDAQ 50 whole per cent down on year-highs? Ain't the NYSE 25% down? Ain't more stocks showing lows than highs? Haven't the DJI been languisjing under the 11000 for a year and a half? I mean, this is Goebbels-like stuuf, ain't it? Repeat the lie often enough, and the people will believe ...
I don't care how bloody daft I sound, this HAS GOTTA BE the last gasp! It's got all the signs. And the foul winds are blowing from all directions at once. The old economy stinks of oi; the Fed flogging T notes to put a floor under the NASDAQ ain't quite masking the pong from new economy, and junkbonds are beginning to stink in the finance sector (ain't they running books on which investment bank is gonna cry uncle first?). Three biggies, all at once, and not one of 'em with any reason to get any better any time soon.
You just sit by that phone, Doug!
Yours positively negative, Cassandra