Posted by ydderF on 27/August/2003 at 15:39:
In Reply to: Freddy darling - remember Bob Beckman? You remind me of him..... posted by ursus on 27/August/2003 at 15:32:
by the sharply higher interest rates, indeed there is a story confirming this in the ft today, but if interest rates retreat again ( not very likely judging by the gold price and the mini-bubble in the markets right now)then all will be well until inflation becomes an actual as opposed to anticipated, problem. I made a lot of money being in cash in 1987, so I have that in common with Bob Beckman, the fact that everybody and his aunty is fully invested right no fills me with confidence, but it doesn't help with timing - i've always said my dear, that don't know where, don't know when. but I know that we'll meet ( a crash) again ! xxxxxxxx
: he came into vogue in the 1980's by perpetually forecasting a crash. the market rose and rose. then in 1987 it crashed. beckman was so famous! but the lustre faded - he's gone on prophesying doom ever since.
: the problem with your prediction of meltdown is that the rise in long yields isnt nearly so severe as to cause a switch from shares to bonds. so you must be presuming that yields will continue to rise. why?? are you a chartist?
Warning
Share prices can go down as well as up. Users of the Information Exchange should seek professional advice before entering into any dealing in securities as a result of references on the Information Exchange. Past achievement is not necessarily a guide to future performance.