Re: 1929 deja vu

From: Forrest Bishop (
Date: Tue May 02 2000 - 21:12:36 MDT

And it ain't just me saying it.

But tell us what you really think. . . In other news, my friend Colin Negrych
had an interesting take on the recent demise of the big hedge
fund operators and I want to share it with readers as food for thought:

 "Barton Biggs notes in his piece today. . .three of the best (proven longer
term money managers - Julian Robertson, Stanley Druckenmiller and
Nicholas Roditi). . .have quit the game. And he sees this development as a very
troubling sign because all three investors are serious,
intellectual, very bright people who are serious students of investing [who]. .
.had employed all the tools and had matchless resources. He is
right to be troubled. No one has yet written a serious article on "what is
killing the macro hedge fund managers?" for the Wall Street Journal or the
Financial Times. The answer is clear: We are in a period of unprecedented
government intervention and manipulation of markets. . .in
response to the near (and forthcoming) collapse of the international economic

May 2 commentary

I think the future historians of this period
will look to April 4th, 2000 C.E
as the signal flag of the Collapse.

I think the name
"Turnaround Tuesday "
will stick.

Forrest Bishop
Interworld Productions, LLC
Institute of Atomic-Scale Engineering

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