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 (2806)	4/5/2001 11:59:40 AM
From: Stock Farmer	Read Replies (1) of 74559

Wow - good one Jay. A welcome departure from potshots at permabulls standing frozen in the rushing glare of thousands of headlights streaming past them... ... I would have thought they were an endangered species. Yesterday the topic threads were screaming in silent agony. The posts vile. Then today... In days past a 5% pop would be cause for the bulls to be whooping and romping... but the threads are quiet still... except for glee when the aggressively bearish such as those from NY City are banished. This is not a good sign. In 9 days I will release much of my portion of the well recognized "cash on the sidelines". Only it won't go to slowing down the race of the horsemen to the single digit wire. No, it will go to Uncle Sam. There to pay the salaries of countless faceless functionaries who in turn will pretend they are spending it on good causes. Like expensive stuff to put in expensive planes. One must wonder how wide or narrow this thinking spreads. Ponder perhaps 150 B$ income taxes owing, not deducted at source. Although I sense this weight lifting from the markets. Which is a good thing. My patience with no-growing but cash generating instruments is thin. I would rather watch grass grow than stare at my portfolio. What good is instant on-line real-time streaming quotes when the value remains steady to the third decimal point? Instant access to information that is not time sensitive... There is less value in that than many of the new economy wanted to believe. And more. Vastly more. Ok, so what is my point? I am not sure. Just that I am, at the moment, weary of thinking bullish or bearish or anything in betweenish. Time for the market to take a breather. I think I shall enjoy the rest of today. It is a fine spring day. The market shows nice green too. Remember, I am a marker for my generation. We all tend to think similarly. Anyone want to buy a used SUV? John.

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