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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: LLCF who wrote (53013)6/12/2002 8:57:25 AM
From: Clappy  Read Replies (2) of 65232
 
Just posting this as a two year memorial commemorating one of the greatest debates in the history of investing...

I can't tell you how relieved I was when I clicked on that
link that you provided and didn't see a group of posts by
me arguing that it will only be the "internet" stocks that
will be effected by the bubble pop.

Whew! <g> <ng>

Gilder is one of many who's strong writing skills made it
appear that the "new" economy was something real and
something you could believe in. Afterall the rising market
numbers provided the "proof" (as many thought).

Harry Dent had brilliant essays on the New Paradigm.
What good are they doing anyone now?

I think what people like myself failed to read at the time,
were history books. It's only now in hindsight that many
see the genius in books like "Reminiscences of a Stock
Operator" or other books that speak about markets through
history. You can see how these bubbles form and people
become believers that it's different this time.

What is Heinz's recent opinion on gold and the miners?

Is he still as high on them or is that sector becoming a
bubble as well?

Does he post any more?

Is his expectations similar to that of Prechter?

Do you see any value in some of these beat up sectors or do
you think you will wait even longer before buying.

Biotech looks beaten to hell but it's long term chart still
shows plenty of room to fall further.
I just got beaten out of a handfull of positions that I
thought might hold up. INCY is the only one that didn't
cave in on me yesterday. But with weakness in the overall
sector, I feel like my stop will be taken out shortly.

-Clappy
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