>>second... given the lack of posts there....it's a great contrarian indicator for sentiment.............<<
I can't believe you'd use this thread as an indicator. Anybody
who has been in COMS seriously has been in severe bear market
mode since last October and it's only gotten progressively
worse since then. We were in the mid 50's back in the
fall sometime. We were one of the early stocks to get
pulverized. It's now a permanent state of mind till we
recover into the 40's or so. We're over moaning and crying
about it (except for a few newcomers and finder).
>>if it were only a crash....that would be positive....
this is about a bear market<<
ok, bear market...First of all, why don't you ever give
some reasons for what you believe. That might help
the dialogue to be more constructive, unless all you want
to do is prod the thread to get a reaction for your
sentiment indicator.
Bear markets usually start with inflation, higher
interest rates, looking at it historically for the last
60 or 70 years,....blah, blah, ...
So, if we have a bear market, it will be from deflation.
That just means that products will get cheaper to the point
where earnings are decreased to the point where the market
sees it's better to keep your money under a mattress than
put it into companies than can't make profits.
Well, I have more faith in humanity. I think that with
new technology we have available, we are in unprecedented
times and have tremendously increased productivity. The gov't
figures don't capture this one iota (imo) because they
don't measure the service economy worth beans. Greenspan,
though it's hard to break his old-timers habits, understands
this to some degree.
I know it's true by anecdotal evidence. Just around me,
I've got thousands of people working on all sorts of things.
Every two or three years, everything is changed, for the
better. Everything is much more efficient, lazy asses have
been weeded out, ... it's much easier to get a whole lot
of stuff done with a lot less energy. Heck 2 or 3 years
ago, I don't think I'd be working now and at the same time
writing this post, and watching COMS all at the same time.
Ok...your turn.
joe |
