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Politics : Idea Of The Day
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To: J. P. who wrote (19335)8/15/1998 11:17:00 AM
From: IQBAL LATIF  Read Replies (2) of 50167
 
Bear never trades in the direction of his argument, the argument is for ''mental masturbation'' and trade for making money is owning stocks in 401 --

We try to keep this as a realistic thread far from hype and limited in its selection of stocks- a limited universe - once I use to post on that thread and soon I found that it is not about markets it is about a mentality which sees negative aspects of human progress, they think that Russia, China and Japan all will self-annihilate little do they realise that these people in chains ( with exception of Japan) have just been introduced to free market economy-- we cannot expect to become a first rated economic power overnight. Human family has reached this peak of attainment not as result of 'destructive streaks' but due to development even amidst wars and genocide, the will to progress and move forward out lives every other human trait. Markets are manifestation of human success, the story of conquering adversary and a living story of rewards, incentive and innovation.

Short termist approach and fossilsed line of argument are self defeating- if these arguments had any meat we would have turned around at 5200 in July 1996-- the Europeans shorted this market then never to see it back on those levels, even these hard core bears bearers of doom and cassanderas were short at 5200- what fails me is that none of them seem to loose their money because they are all wrong it is a fashion to get popular through inciting fear and I am proud that I make day in day out case of 'realism' instead of share doom and gloom.
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