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Pastimes : Home on the range where the buffalo roam

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To: T L Comiskey who wrote (13060)	4/25/2001 6:16:41 AM
From: Sig	Read Replies (2) of 13572

Tim: Trying to figure what goes on here: This has been the most perverse market I've seen, with most all present day investment techniques failing, probably because they were developed during that long bull run. Even H J Ruffs "buy gold and hoard food in a fallout shelter" didn't work. It probably had to be that way to prevent any single group from profiting enormously while discouraging the public from overinvestment in risky IPO's and techs instead of doing what the Feds think is best which is to buy the bonds and stocks of the major Dow-type companies. Many of those those stocks continue to accumulate debt while growing aggressively and thus would be losing money for shareholders if results were reported without distortion. And their stocks would drop without inflows of new money. The more we talk about Mr Greenspan affecting the market, (HE took it down and nobody says that God took it down), the more power that is being attributed to him and rate policies. Yet the conclusion is that he does not have the power to take the market back up?. A lot of inconsistancy there. For some reason practically nobody now pictures a fast or complete recovery of the NAS. But we know the NAs has this nasty habit of doing what is least expected. like drop from 5k to 4k, then (gasp) drop from 4k to 2k, Then go under 2k - impossible to figure. So no fast recovery is expected and whadaweget?. A 24% rise in under a month ? Yikes. And of course that can't hold !, and perhaps it won't on the basis that the public will stop buying. It was pleasant surprise to get a tax-refund check ( thought they might run out of money)haha. But a needless worry, since they own the printing presses. Luck has nothing to do with successful investing of course, but I would have owned many more pigs or fallen angels.if that check has arrived a week ago. IMO the Fed has lots of invisible powers and has now admitted they are considering the stock values important to the economy and will act and act again if required to stabilize the market. Regards Sig ( should have listened to the Dentist- he told me a week ago to "play the channel" on Dell but did I sell at 30 ?. Noooooooooooooooooooooooooah. Sheeeeeeeeesh)

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