Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: LLCF who wrote (11852)	12/14/2001 9:58:01 PM
From: Maurice Winn	Read Replies (1) of 74559

<NOBODY likes cash as an investment, which most likely makes it quite a good one:> That can't be right because the cash hasn't gone away. Somebody has it still and they obviously do like cash as an investment. There are even some in this very stream who are holding cash. Not only that, but Uncle Al has been printing a very great deal more of it and that is also sitting around somewhere as cash. So the mountain of cash on the sidelines is bigger than ever. That mountain of cash isn't earning a lot of profit right now. So P:E ratios of 25:1 are not all that bad compared with what the taxed money markets pay. After a couple of years of derisory interest rates, people will look for more rewarding investments. If the US$ declines, they'll be doubly sad. They will see my stupendously great Telecosmic profits and want a piece of the action. They will have to pay the going rate. Mq

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