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Strategies & Market Trends : Three Amigos Stock Thread

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To: Ditchdigger who wrote (27847)	1/13/2002 11:49:56 AM
From: Ken W	Read Replies (1) of 29382

Ditch Wow, it must be cold in VT this morning. LOL While I agree with you that the econ. is not looking to pull out of the dumpster as soon as the hypesters would like people to believe I have a couple of counter points on the ENE situation. ENE was a house of cards. It got to be a house of cards built by the top management thru their trading business. As the man said "if you don't understand the energy business, hedging and trading then don't get involved". When Capital Mangement (the large hedge fund) did the same thing 3 years ago there was not nearly the hue and cry about gov't involvment. As I recall the gov't at that time did come in and ease them out of the mess only to end in the same solution as ENE is facing, BK. Bush's involvement with ENE has been minimal at best. 500k total contribution between his Govenor campaign AND his Pres. campaign hardly cry out that they were controlling him or any of his people. BTW 300k of that money went into the ingrauagal and not to Bush people directly. Frankly I don't think there are too many people that control Bush. The media is pissed at him because they can't manipulte him like they want. He is standing strong on the Terrorism problem, he wanted and got his tax cut (really fast I might add). I less than 18 months he has accomplished more than has been completed in the last 10 years. (Can you tell I like the guy? LOL). As to the Euro. IMO the thing was destined to fail from the beginning. There are just too many little countries that had their own currency and want it back. They fought the damn thing from the beginning and will do what ever they have to for its demise. Gold? We've been here before. Goldbugs have been yelling manipulation for 15 years or more when that bubble burst back in the mid 80's, which by the way, opened up the largest bull market in history. Ken

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