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 (21059)	7/9/2002 10:07:15 PM
From: Maurice Winn	Read Replies (3) of 74559

<Mr. Market reduces daily what he thinks the profit of holding stocks will be. Feel better??> Well, it hasn't reduced much. The Dow is down from 11,000 to 9,000 and denominated in NZ$ it has changed a bit less than that, but it's been a bumpy ride, with the NZ$ going from US70c several years ago to US39c two years ago and now back to US50c. But yes, I do feel better because at least your comment now makes sense [even if it isn't strictly accurate in that the market isn't reducing share prices every day, just most of the time - but your point is correct = shares have been going down the gurgler] I've considered Au, but it would feel too much like going back to the stone age and taking part in irrational exuberance. I'll stick with something useful = pixelated Green$pan Trusting in God, GeorgeW, Scalia, Ashcroft and co [which is questionable] and phragmented photons which everyone in the world wants. Mq

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