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mish

03/16/03 8:38 PM

#87615 RE: Jerry Olson #87611

Crude should pop, gold too...Bonds will soar, the buck will fall...
all negative for the markets...
i am short..and holding...
see you and everyone in the am...


Good Lord, can it be?
Mish and Jerry agree 100%

Are we both right or both stupid?
In either case we do not often agree on three simultaneous points. (hope it is a good omen and not a bad one)

M


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westpacific

03/16/03 8:40 PM

#87617 RE: Jerry Olson #87611

Make that 3 waterfall calls now.

Add Gross to that list.

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Gross notes that foreigners own 35% of US Treasuries, 23% of corporate bonds, a 14% direct interest in US companies and direct ownership of 13% of all US stocks. Thus, if foreigner become frightened about the US dollar, we could have quite a waterfall in the markets.