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Steven Poser wrote:
> Those were wonderful and well thought out pieces. It points out the
> importance of understanding that the markets are psychological animals.
> I put these stories up not because I believe these scenarios (I don't),
> but they do cause pause for reflection and I do suspect that they are
> worst case (and unlikely) possibilities.
Steven, that (Cramer's Rewrite) was a very interesting post, but I
confess I'm a bit confused as to what it all really means.
If you buy the guy's story (and it sounds like you don't), then am I
right in assuming the likely results are:
- Drastically lowered overnight rates
(which has secondary effects of...?)
- Dramatic upsurge in the stock market
- Drops in mortgage rates?
- Bonds going through the ceiling?
What's your take on the real impact of all this? Were those mostly
Chicken-Little ravings, or is there a realistic chance of it all
happening as he predicts?
Thanks,
Gary
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