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Technology Stocks : All About Sun Microsystems
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To: shoe who wrote (62070)9/29/2004 6:42:27 AM
From: JDN  Read Replies (3) of 64865
 
Shoe, you must be about my age (just turned 61 on the 23rd and charles didnt even wish me happy birthday!!) and been investing as long as I. I too started about 1969 or so, through a stroke of luck I actually made enough that I COULD have retired about 1972, but along about then the CRASH came and I lost it all. Slowly built back up but was eventually hampered as being a Partner of a National CPA firm I was really LIMITED in what I could own, however eventually I made it and retired at age 47. So, I have been through many of these CYCLES and I agree wholeheartedly with everything you said. The secret to this is to BELIEVE IN AMERICA and start YOUNG. Time is your ALLY.
IMHO when you consider Bush inherited a Recession, got socked with widespread Corporate excesses (I am being kind), got hit with violent Terrorism resulting not only in IMMEDIATE HUGE LOSS but continual beyond the budget COSTS to fight this war HOME as well as abroad, that Bush has pulled off an economic MIRACLE to have avoided even possibly a DEPRESSION.
As to Oil, the IMMEDIATE problem was the shutdown of the Gulf drilling platforms etc due to the hurricanes, but the intermediate and possibly long range problem is our SEVERE lack of REFINING CAPACITY (thank you environmentalists) and the ASSININE state rules on gasoline formulations (which ought to be standardized to a few regions and run FEDERALLY).
jdn
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