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Strategies & Market Trends : Strictly: Drilling II
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To: TheBusDriver who wrote (16100)7/20/2002 12:41:00 PM
From: gold$10k  Read Replies (2) of 36161
 
Wayne,

<<For the vast majority of investors, who convinced themselves that the "new economy" was the ONLY game in town, the act of buying Gold would be an admission that they were absolutely dead WRONG.>>

Last night I was listening to the CNET radio show "Online Tonight" and its host David Lawrence when he asked the question "Why isn't anyone actually saying that the stock market is crashing?". Since it's a call-in show, I called and told him that the reason was that the audience didn't want to hear it and that they would rather be reassured that everything would be okay. He didn't believe this, so I continued about how anyone who is interested in presenting other possibilities, like Robert Shiller, is rarely allowed access to the media and that historically the big picture for the stock market is more or less 17 years up and 17 years down and named the dates since 1929 for him. At this he said "Now you're really getting me depressed." and "I don't believe in cycles." I told him that all his protestations were making my point that the public really doesn't want to hear that the stock market is crashing.

At that point it was time for a commercial and he was spared further aggravation by me. <g>

Regards,

vt

P.S. Thanks for posting that bit from the Privateer.
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