Paul Milne was right

[john.h...@gmail.com]

To put this in perspective, here are some stock market figures for
today

Dow: 6594
S&P: 683
GM: 1.86
Citibank: 1.10

Yup, all those financial forecasts by the pig farmer were right on
target. The timing and trigger event were just a little off.

Paul Milne Nov. 6, 1999
"The Crash is Inevitable"

So, we will be the first to admit that our financial system has again
succeeded in putting a Band-Aid on an unfolding financial crisis by
simply
administering another large dose of credit excess. This, however, is
certainly not a cure. In fact, this is a most dangerous game that will
end
badly, much like an addict hooked on drugs. And while the bulls can
today
revel that this latest episode of gross money and credit creation
again
provided the fuel for an historic short-squeeze and speculative stock
market
melt-up, this only creates a larger crisis for later. No doubt about
it,
this historic financial and economic bubble runs out of control,
growing
larger and more problematic by the day. Sure, it can be ignored by the
bulls
and by the Federal Reserve, but that will not make it go away. As
such,
there is absolutely no doubt that this wild and dislocated stock
market
rally and historic speculative run will only stoke an already
overheated and
distorted economy. It certainly only adds to an already perilously
unstable
financial system. And while the bonds and dollar have rallied along
with
stocks, don't expect this to continue. When the dust settles and short
covering is completed, the bonds and dollar will once again be acutely
vulnerable. There is simply no way around the fact that a massive
credit
bubble works to weaken and eventually destroy the foundation of an
economic
system, corroding the real value of an economy's financial assets and
currency.

Simply stated, our financial system has become very adept at creating
is own
liquidity and fueling the bubble. Such efforts, however, are an
increasingly
maligning force, surreptitiously impairing the health of our financial
system and economy. Actually, it is our view that the financial system
is
now trapped in a dangerous game of perpetuating the greatest credit
inflation ever, as it is now clear that it takes almost exponential
credit
growth to keep the game going.

[docd...@panix.com]

In article <a8004ad4-eb3a-4fc6...@i20g2000prf.googlegroups.com>,

<john.h...@gmail.com> wrote:
>To put this in perspective, here are some stock market figures for
>today
>
>Dow: 6594
>S&P: 683
>GM: 1.86
>Citibank: 1.10
>
>Yup, all those financial forecasts by the pig farmer were right on
>target. The timing and trigger event were just a little off.

'The patient survived the transplant but was hit by bus; it is obvious
that his death resulted after the surgery.'

DD