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Pastimes : Home on the range where the buffalo roam
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To: mishedlo who wrote (3955)10/4/2001 12:59:04 AM
From: Sig  Read Replies (2) of 13815
 
<<Naz 1200. Dow 6000. >>>
No way,Mish, try to cheer up a bit. I've said several times here the Fed will try to hold a minimum 9K Dow.
And there are plenty of options available yet to hold it up. (Pres Bush had one today)
Drop below that and we can write-off any progress and start planting victory gardens.
When you own the printing presses, one can work miracles.
We may even go to an inflation mode which would drive the markets up. One reason Mr G tries to avoid that is that many salaries and retirement benefits are tied to the cost of living ( Retired Congressmen get double the COL increase each year). It would be a huge added expense.
The penalty paid with inflation is that despite a higher market, and nice looking equity gains, our buying power
is reduced and comparative monitary position in society is less.
If you said the common taxpayer or working man would pay for all this (new activity) I would agree completely . Its been that way forever, but it did help pay for an up-to-date Military which seems very useful at this moment.
In regard to your shorts and longs, you are the only one who can decide which best fits your
style. I happen to be selectively long and doing very nicely at this time, since I never learned any bear tactics.
Our success will be much closer tied to the individual stock than the market direction. Bulls make money, bears make money- pigs get slaughtered.<g>
Regards
Sig
Nas Future now plus 500 at midnite
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