Booms, Busts, and Recoveries Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Booms, Busts, and Recoveries

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: AC Flyer who wrote (35921)	7/10/2003 5:50:28 AM
From: Seeker of Truth	Read Replies (3) of 74559

I think you are saying that we should be objective and not hold on religiously to some misconception about the (to you) bullish future. That's fine with me; I would enjoy a bull market in US and Japanese stocks, but ... 1. The US consumer is deep in debt. I'd like to forget about it but objectivity forbids such forgetfulness. 2. The U.S. president who is quite popular is engaged in a major war with any and all Moslem countries. This will cost megabucks which he refuses to pay for with higher taxes, but would rather lower taxes and expand the deficits. Deficits = inflation, as we all know. The market doesn't like inflation though gold bugs do. I remember Pearl Harbor very well; I was in university then. I couldn't find any classmate who thought that Japan could win. U.S. territory had been attacked and several thousand sailors had been killed but we were all sure that the ultimate victor would be the US and nobody could understand why the Japanese high command was so idiotic. Not so with 9-11 which also killed several thousand Americans, some of them Moslems, some of them Jewish, most of them Christians. The enemy came out of nowhere and there was widespread fear. Most people thought there would be other such attacks soon and the fear was intense. Into this atmosphere strode the warrior Bush who indeed drove the Al Qaeda into the mountains, away from their bases in the cities of Afghanistan. The easy victory, fought mostly with hired Afghans, made him dizzy with triumph and he decided to remove from the Middle East all who threatened Israel. (For reasons unknown to me the oil interests and Christian fundamentalists all love Israel !!???). First on the list was Iraq. Afterwards come Syria and Iran. North Korea is a menace because it sells weapons to the Moslems. Every Moslem gets tagged as an ally of Al Qaeda. Sadaam was indeed a cruel tyrant so his overthrow makes this dumb militarist Bush look great and increases his popularity with the American public who still remember 9-11. The fact is that American capitalism is flawed. Would it were not so! US brokerage fees are the smallest in the world --- in that respect it's the best place in the world in which to invest. But a large fraction of the population is not smart enough to restrain themselves and stay out of debt. The government of this cowboy, Bush, is also not smart enough to avoid a huge debt. The combination of these two factors looks bad to me. My money is in Canada and Europe via REITS and real estate companies and a little in gold and a fair amount in the Canadian oil/gas trusts and PTR,CEO. None of them look as attractive as tech stocks did during the bubble but in the last 18 months all of them have been doing satisfactorily. I listen respectfully to all prophecies of great times ahead in the US and Japanese markets but an explanation of how we get around the huge consumer and government indebtedness is needed. I don't think the latter two factors are preconceptions. There's nothing in my ideology which makes me hope that the US economy will fail.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next