To:PSkars who wrote (157)
From: long-gone Wednesday, Jun 25, 1997 5:03 PM
Respond to of 79916
Most of Wall Street must be fools!!!
How can they buy into a sell-off of bonds? Is no one else wise enough to understand how much Japan holds in US bonds? Do these crazys think
if enough of them stand in the way of the roaring locomotive,they will remain safe?
Oh Well, I have spoken to my friends they too think I'm NUTS! Their brokers told them "stock will always come back". While this is true,
after 1929, it took 30+ years to break even. Their brokers tell them of the worthlessness of gold. After all these "brokers" have made them
a tidy sum in paper profits.
Hang on all, Japan said it would buy gold. Someone today sold $1-2 billion in bonds. If it buys gold all will be well!
RH
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AI
