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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: SliderOnTheBlack who wrote (80368)2/26/2003 10:08:56 PM
From: SargeK  Read Replies (1) of 95453
 
Stock Market Armageddon!

Hey Guys,Gals, & SOB

SOB: "..he (SargeK) has arisen like an E-Phoenix from the ashen bytes of the internet.

"Old Soldiers never Die, they (never) just fade away"!

FWIW: DOW-5700, NASDAQ-850 by end of 2003! Then it gets worse!

For comparison of things to come Look at the Nikkei (225)Index since Jan 1990 and it ain't over yet.
finance.yahoo.com^N225&d=c&t=my&l=on&z=b&q=l
Remember the 1980s when the fear was the Japs were buying up America? Japan is in an economic trash heap and we OWE THEM BILLIONs. Get real!

What's feeding the BEAR?

1. Budget deficits further than the eye can see.

2. Trade deficits further than the eye can see.

3. Record level Bankruptcies

4. Unpopular (and hugely expensive) unprovoked war.

5. Social Programs: Social Security, Medicare & Medicaid - Under-funded by inestimable Trillions$

6. Exploding energy prices....

7. Growing loss of Confidence and increasing fear of economic breakdown like that of the Great Depression.

Time to take what you have left and put it in a lock box.

K
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