Fugazi, you wrote your memo to me too soon. I made the mistake of believing Bill Clinton when I should have listened to Fugazi. IDTI passed six still headed south and, as far as I know, will continue in that direction all night. No-one can claim you weren't right. Tell me, are you going to jump in with both feet when it hits five bucks! I want to find out when Fugazi buys, and I'll tell the entire country. It will have the same effect the word, "The Fed's in," does on the bond and equities market.
Next, please let me know when IDTI will turn around, and how high it will go. None of us mere mortals knows. My congratulations on your uncanny clairvoyance. I couldn't resist picking up a few additional shares at $ 5&1/2, much like a drunk who can't leave the bar til he has one last shooter. This kind of thing can get addictive.
How does one determine when Al Greenspan decides to go short, anyway? The last time he did it was in December, 1996, in his "Irrational exuberance" speech. I suppose he was irritated that since then the DOW has risen 45%, which goes to show you what kind of a pundit our Fed Chairman is. Won't anyone believe this is just another dip, a buying opportunity, and a good chance to dollar average? Let's put a positive spin on it the way they do in politics. Tomorrow may be an equally interesting day, so I'd better get some sleep. Sam |
