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MONDAY AUGUST 06
Uh Oh... Remember when at least ten people you knew registered a domain name, became millionaires, bought expensive cars, and then the next time you met up with them, they were broke, and unemployed? Good thing those times are over! Oh wait, did you hear what Bear Stearns' CFO, Sam Molinaro, said recently? Well, he doesn't exactly have a sunny outlook on the bond and fixed income markets. "It's been as bad as I've seen it in 22 years. The fixed-income market environment we've seen in the last eight weeks has been pretty extreme," Molinaro said. 22 years? What's happened in the last 22 years? Well, there was the dot com bust in 2001. And then there was stock market fall of the 80s. And then Long-Term Capital Management tanked in 1998, which wasn't pretty, either. In other words, things are not good. August 2007New User?Sign up to get free access to TraderDaily.com
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