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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: GraceZ who wrote (90681)4/5/2001 7:31:41 PM
From: Skeeter Bug  Read Replies (3) of 436258
 
>>Prices in stocks persisted in spite of all those things and now you site them as reasons that the market can't go up. If they didn't matter then WHY do they matter now?<<

they always matter. 100% of mania markets end in disaster. that is a fact (name one that didn't). did it go from euphoria to disaster in 3.5 nanoseconds? of course not. that is silly.

did i say stocks can't go up? absolutely not. however, proper investing is not about possibilities. it is about probabilities. the end result has an 100% occurrence. the past is often the best gauge of the future. if you have something better, let's here it. ps - don't use alan.com's bogus productivity numbers, either ;-)

>>The reasons you site for the decline are assigned are after the fact<<

grace, you may be unaware of what i've been saying for the last 4 years. i'm saying the same things now. EXACTLY. if i'm right now, i was right then - BEFORE the fact. you assume an awful lot and pretend it is fact. just b/c you are unable to put things together doesn't mean others can't.

>>If I were you I'd be looking for any and all signs that the economy is stronger than you think.<<

you are correct and i do. i look for sustainable savings rates. it isn't there. i look for reasonable credit levels. it isn't there. i look for the new economy to pull us through tough times and all i see is alan.com printing more money. i look for reasonable valuations relative to historical levels and it isn't there (there are exceptions, however, i'm speaking in gen'l). i look for true gdp growth above historical standards. it isn't there. i look at many companies set up to supply goods to dotcom companies that no longer exist. i look and see reports of 1k-5k people being laid off daily when i can't recall seeing any for a number of years (i'm sure some were there, but not many).

>>You give me reasons, yet you can't defend them with any amount of rigor. I'm bullish yet I could present the bearish case stronger than you could.<<

this from a person who posted 2 or 3 notes about "chained dollars" and you didn't even understand the context - yet still vigorously argued a point that was never under question. ;-)

it is truly *your world* ;-)
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