lurking dude-
i read what you wrote about capitulation and
thinking aloud about whether a bottom has been
put in, and wondering if you might be early
in getting back in.
before you go buy a buttload of equities you
better read this:
mywebpages.comcast.net
capitulation is NOT what will turn the market.
look for a change in attitude from the dudes
who hold their fingers on the triggers first.
from fear to trust... from defensiveness to
risk-taking-global-benevolence.
it takes a great deal more courage and character...
and it does a lot more good... to walk through the
valley of the shadow of death with trust than
it does to walk through it with fear and massive
firepower.
history will laud praise on the likes of gorbechev,
mandella, dalai lama, sadat, carter, clinton and
polvito. <g> <perhaps not that last one>
it's great to see the scrutiny that is exposing
the corrupt practices of the enrons, worldcoms,
haliburtons, andersons, and brokerages but these
revelations are NOT what is dragging down the market.
those would only bring down the individual companies.
the market was dragged down by the global economic
leader - the USA - because it changed its attitude
and became self-serving. (the only way to serve self
is to serve the world first.)
look for signs of a change in that attitude before
you bet on the market.
yer fren,
-polvie |
