December 31st, 2002
Good morning Maurice, We, meaning you and I, are on the cusp of 2003, and will be the first of the braves to cross over to the other side through the time portal. You first; age before beauty. After paying off the Portal-keeper, what will we find?
I find a microwave oven cooked Maurice?
My wager:
- The usual, such as deflation of all matters manufactured, devaluation of various paper assets representing the manufacturers, depreciation of all currencies, inflation of all anti-matters of essential services (education, healthcare, security), implosion of housing, explosion debt and pulverization of bonds, collapse of confidences in sequence, vaporization of hope in turn, devolution of manners, evolution of hate, raising of public taxes and private tithe, march of the electorates on the streets, panic of the politicians in the offices, closing of borders, shrinkage of frivolous trade, Greensputin forever chanting ‘don’t worry’, and Ford learning to whisper ‘be happy’;
- Oh, yes, I nearly forgot, something about plenty of war and the not enough of peace, a missing time schedule, a misplaced plan, baby-boomers needing to save or be eternally in regret;
- And yes, more corporate scandals, with a twist on pensions and their management, and maybe even a juicy story on a bank or two; and
- Nasdaq, SnP500, DJIA have the chance to be lower by 2003.12.31 than today, and we have the best chance in a long time to witness a fourth down year for the leading equity market in NY, as well as having Japan equity at a 25 year low.
Sheople afraid ... Sheople want to go home; Sheople feels like a rat or a roach, scurrying around on a giant chess board, with each square representing an asset class, and each booby-trapped with some exotic mechanism meant to do harm. Sheople no longer sure that scurrying is on own volition or deliberate exogenous herding.
Happy and prosperous New Year to all!
Chugs, Jay
Reference: my first post to you –
Message 15410107
February 26th, 2001
Hello Maurice, Welcome to this den of ours. You may be the single person from down under the equator viewing this not yet so popular thread. Given that you are a bull that wandered inadvertently into our den, you should be prepared to take a bit of good natured and friendly ribbing.
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