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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: elmatador who wrote (27712)1/24/2003 4:24:34 PM
From: Jim Fleming   of 74559
 
Hi Elmat

Re US Administration's "comedy of errors".

I thought from the beginning that this administration would not succeed. The appearance of confusion and incompetence is more pronounced every day. The only thing more obscure than the existence and location of Saddam's alleged WMD's is the international support for a military intervention. Bush and friends are appearing as blustering, posturing characters in a bad play.

Tom Ridge's appointment as Secretary of Home Security is adding another blossom to the daisy chain of dumbells.

If the financial markets continue to crumble we can expect to hear Bush asking for Americans to make faith based investments in the market. I am more and more apprehensive as I watch Bush's hysteria put us in a corner. If we go into Iraq under present conditions it will be the biggest political error of modern history and we (the world) will be wrestling with the consequences for generations.

I enjoy the interplay between Mqurice and Jay. Jay is nimble and will make a lot of money in gold because he will be out in time. Mq is right on Qcom, it will out perform most paper investments over the next few years. Mq touched on gold's Achilles Heel recently. There is not enough physical or paper gold to support it's becoming other than a short term haven in this gigantic globalized world. I agree with the existence of most of the problems the gold bugs point out. I don't have any solutions but it won't be gold long term.

Go CDMA

Jim
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