Hello Carranza2, I must head for the airport in a little while, to position myself geographically for 4 days of F2F meetings that is more efficient than Maurice’s
Cyber-enabled encounter sessions.
<<It seems that you have "capitulated" … I'd see the day when you stop, look around, and actually express doubts>>
I state, ‘No I have not capitulated’, to remove any doubt you may have. I am troubled by the lack of opportunities, and concerned about what I may need to do in order to position myself for 2003.
For 2002, I am up and the equity cult followers are mostly down, so far, and thus, as gaming goes, so far so good.
<<Things, Jay, are same as they'll ever be. Reverse to the 1920s: Financial shenanigans were rife, stock speculation was at an all-time high for then, and there was no SEC>>
Sameness and differences: valuations vs. book values were pervasively ‘cheaper’ in 1931 because there were many other organizations to interfere with the natural processes of a free market. This time around, officialdom believes it can save the real economy by propping up the historically unsupportable. We watch, wait, watch some more.
So, you see, I am not in doubt about much for long:0)
Chugs, Jay |
