Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: TobagoJack who wrote (27646)	1/22/2003 1:51:55 PM
From: Maurice Winn	of 74559

Jay, in practise I'm a 1 to 3 year investor too. My intention is to be long term [30 year] but events intercede. I mark to market regularly. I have been wanting to repent for a year now, and head for the hills, but I can't find any good-looking hills. So I'm stuck with Uncle Al, who has been beating everyone with a big stick who dares to hold his $$$$ and not get out there and spend them. I went to the gold shop, but couldn't get excited. I would now have a 10% gain even allowing for trading costs, insurance etc if I had a stash of gold bars under the house. I figure that I might as well be hung for a sheep as a lamb and that it will be better to be a cash owner than a borrower when the interest rates start rising again. He has given everyone holding $$ quite a thrashing and the whimpering is loud. They have been going shopping. Pretty soon, Uncle Al will stop whacking them. Those left standing, clear-eyed and strong, will be his soldiers of fortune. He doesn't want weaklings in his army. He'll send them out to lend, buy and profit, delivering great wealth to his war chest. Mqurice

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