-->Hallo dottore, 
kopiere Gartm. einfach so rein, dem ist nichts hinzuzufügen!! 
 
"Besides, today the markets will not care an iota 
about old GDP data; they've far more important things to 
consider... such as liquidity..oh, and liquidity... and when 
that is done, liquidity!  
 
We shall hear any number of Wall Street analysts tell us 
that this weakness is to be seen in the context of a global 
bull market and that it is merely a correction. It is not 
merely a correction. It is the signal of the end of the global 
bull market that began several years ago, and before this 
near bear market is done we are likely to see share prices 
materially... indeed very materially... lower. We can 
imagine seeing US Steel, and Apple and Goldman Sachs 
and the other bellwether stocks that led the market higher 
trade down 50-60% from their highs before this has run its 
course for that is the nature of bear market. It will not 
matter how strong are the fundamentals for each individual 
stock in question, they will weaken on balance and rallies 
will fail, for the best stocks will witness selling simply 
because it is there that liquidity will be most easily found. 
Bad companies will fall, but good companies shall also, for 
as noted above, the good companies are the"good girls" 
taken to the jail when the house of ill-repute is raided. 
In retrospect, we shall look back upon the public offering 
by Blackstone's management is the very top of the bull 
market. They will be seen from the perspective of history 
as one of the"strong hands" who sold their holdings to the 
"weak." They will be seen as the Mary Wells of this bull 
market, for as the"Old Timers" amongst us shall 
remember, it was Mary Wells of Wells, Rich & Green who 
sold her Madison Avenue advertising agency to the public 
in the frenzy of the bull market several decades ago at the 
very top and bought the entire company back several 
years later when the shares of the company fell by nearly 
90%. Blackstone's management is being talked about as 
having erred in bringing their company public only to see 
its shares fall relentlessly since then. Blackstone's 
management did not err; the public erred in buying it. The 
"strong hands" sold to the weak, and the weak have 
bungled the job." 
 
Gruß, Sil 
 
 
 
 
<ul> ~ http://www.cfsfutures.com/images/E0067301/072707.pdf</ul> 
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