Philip Morris - A Stock For Wealth Or Poverty (MO) Message Board

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Non-Tech : Philip Morris - A Stock For Wealth Or Poverty (MO)

MO 58.60

+0.9%

3:59 PM EST

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To: md1derful who wrote (6179)	3/27/2001 12:24:56 PM
From: Sonny McWilliams	Read Replies (1) of 6439

doc. You have to read the messages more closely. I never said that Greenspan is totally to blame. He did hasten the downfall in the economy with his big rate increases last year. And then, of course, it was the FED that flooded the market with easy money earlier because they fell for the Y2K hype. Yes, the market was overvalued but we did not need the FED to get involved THAT much. The economy is still in deep trouble despite the better consumer confidence today. Let's see how much the consumer will buy. Actions are better than talk. Let's hope that Europe doesn't catch our cold. Hm, generally it's the other way around. I did not buy CSCO at 70. I sold with a nice profit a long time ago and never went back in. Not to say I didn't get my clock cleaned by some other stocks. Yes, a cpl of the net stocks. Again. I am not blaming the FED entirely, just think that the FED got too involved worrying about inflation when you could hardly see a glimpse of it. The FED flooded the market with easy money, then put the screws on and then eased too late. But, of course, us investors are totally to blame for this fast slowing economy? I don't think so. Frank knows that I have been in favor of Greenspan for a long time but do believe he was very wrong last year. If he wanted the market to come down he should have said so instead of rambling about inflation. But then again, he is not supposed to comment on the stock market. Can't win for losing. gg. About voting. Don't worry, help is on the way. Butterflies and punch cards seem to be on the way out down there. Maybe you will only have to touch faces of candidates. Of course, you still have to know who is who. gg. Instead of laughing all the way to the bank you (meaning you all) could have used some of the money and done something about your voting machines earlier? This also would have saved the stock market some additional grieve. I am sure you read this already but just in case Frank has not. dailynews.yahoo.com Hopefully you are only addicted to the stock and not the product. Nice market so far. What a little up tick in the consumer confidence can do to a market. But who is complaining. Stay short so you can cry all the way from the bank one of these days. Just kidding. Things still look pretty uncertain. But Frank and I don't short. We rather do some "blubbering" or sell. Sonny

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