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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: Jill who wrote (33679)3/16/2001 7:33:35 AM
From: edamo  Read Replies (2) of 65232
 
jill.....this too will pass...

finding many thirty something analysts, economists, whatever are deeply engulfed in end of the world scenarios, based on numbers, stats, charts, etc....very same folks who predicted a new economy, new business models fueled by metrics(i hate that word) that justified losing money....

reality of business and finance has set in.....excess begets contra excess, end result a momentary neutral point, until some motivating force places the pendulum in motion...

we have become a nation of dramatics...kids get shot in school and crisis teams are sent in to psychologically counsel communities......how many hundreds of thousands in years past saw violence beyond belief in war, without any crisis intervention or counseling?????

but yet they survived, and remained scarred but on balance healthy, and grew and prospered.....no different then economies, in time they self heal as reality arrives and the dire predictions faded away with the predictors.....

comparisons made to 1929....but we did get to 2001, just ask anyone who lived through the depression and i'm sure they will state times are much better now...

what would the "thirty somethings" of today do if they were hauled off to the deltas in vietnam, had to borrow at 20% in the carter era, waited for hours on alternate days to get five gallons of gas???

all this to say that many have had it a bit easy, and the many includes the corporations founded on fluff and bid up by the fluffy thinkers and dreamers...

reality jill, not so bad when you face it, as long as you put it in relative terms.....i'd rather be homeless in the usa then knee deep in delta mud with a jammed m16 and pockets full of gold.....

tis all relative...this too will pass...

good luck..ed a.

p.s....ntap beginning to slow downward momentum, look at a weekly chart, eliminate the year 2000 parabola and it is right back to a hopeful smooth curve, if fundamentals hold...
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