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Politics : High Tolerance Plasticity

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To: Jim Willie CB who wrote (15846)	8/7/2002 10:56:50 AM
From: Sharp_End_Of_Drill	Read Replies (3) of 23153

Jim, what you describe sounds an awful lot like Prechter's book. It's called Conquering the Crash, I just finished it. I notice he doesn't get a lot of airtime on the gold bug boards - probably because he says gold & gold securities will tank along with the rest of the market. What I saw in the last two weeks indicates he might be correct. He does however say that one should own SOME physical gold, and then at the bottom load up with physical and equities to ride up the resulting inflation after the deflation. Cash and no debt is king. Play shorts & puts if you know the game and feel your brokerage house is secure. Few folks are as doom & gloom as Prechter, including me - but I do expect some nasty things down the road as the imbalances you refer to are worked through. These things can make us rich if we guess correctly - or just plain old get lucky. Sharp

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