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Strategies & Market Trends : 50% Gains Investing

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To: Dale Baker who wrote (30579)7/19/2002 4:14:50 PM
From: tdl4138Read Replies (1) of 118717
 
Hey Dale...

Hope you're holding up well..

I take exception to your thinking that a "bottom" is around the corner,etc. and sooner or later things will get back to normal. I don't see it that way.

Too many things are changing. Politics..economics..ethics..
To expect the stock market to right itself and go on...I think is wishfull thinking.

The economy is not picking up...corporate earnings and guidance blatantly prove that point. The consumer is mired in debt...and the answer is not simply to print more money. If you do, its another bubble.

Politically...the answer can't be "We're fighting a war on terrorism"...and little else. What's Bush's domestic economic policy? More tax cuts?

Times are changing...and the "markets" are not the place to be for the time being. Where I see a major problem...is the general thinking that when the selling finally stops...the buyers will come roaring back...maybe they will...but I don't see it that way. Why should they? Because the "market" is a great place to invest? Right....

Say Hi to your other (better) half.
Dave
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