Dan; I do not question Jimmy Rogers as being smart , or Soro,
I simple question their scruples. Just as I question and examine
the recomendations and up grades and down grades that all these
hot shot brokerages put out. I also save, sort and track a good deal of them, and I tell you there is no way they could do worse if
they were blindfolded and tossing darts at a dartboard.
Why it's ludicrist that people are so dumb as to belive that
these big money boys are making holy proncements so as to be doing
the public a favor. Most of them are smart, but they are also the
most talented, polished and artistic liars amoung us. They can
even beat the politicians in that area.
I will agree with you, the market is over priced, companies
can never produce the sort of real profit, that justifies
the money that is invested in them. But that has little to
do with how high it goes. It's a big slot machine and people
want to play, in fact right now they seem to have nothing better
to do with their money. :-)
But sir just why should interest rates be 6.25%, what moral or
or other grounds says so. Why and how could every one live off
bond yealds, nice idea but who would work ? I belive there should
be a law that prevents any one charging another person
over 3% on any kind of loan. Had that been in place all along
we would not have half the problems we now face.
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I do agree if rates go back up, it will set the stock market
on it's butt. But I don't see any thing like the fall you do.
That kind of fall would wipe out most pension funds, and the
money market funds as well. They can't let it happen and expect
anything less than having to run for their lives. Don't forget
it was not so long ago the Goverment almost shut down, and
the big money boys were worried sick that we would not be able
to fund the intrest on our national dept. I can assure you they
will accept lower rates rather than see that.
Jim
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