you will be right only because Greenspan wants a market CRASH!
I could care less about it being 10 or 30. I tend to
trade in short periods of time. But it is important for
me that the company has a good balance sheet, products,
and management. BEAS has that and more.
Unfortunately, our wise Greenspan doesn't seem to recognize
that there is a major crisis on our hands and it's NOT Y2K.
Y2K is a overblown fuss. The problem is our neighbors:
Latin America, Asia, and Russia.
Since Japan broke through the 15,000 level very easily today
and the DAX is very down, our markets will PLUNGE today!
We may have more than a 300 pt DOW plunge, perhaps 400pt.
If we do not have this PLUNGE, then it will make it worse
for the real PLUNGE. The market is holding back from DIVING
and when it goes it will go FAST. Thank Greenspan for leaving
ratres along for 18 months. He is an idiot. Inflation has been
so low, prices are deflating. I think we have already begun
deflationary times. Look at gold, gold is down from 400
to below 290. Some companies are asking their employees to take
pay cuts of 10% or more. We have had several quarters of decreasing
price pressure. This combined with steady rates makes the
real interest rate TOO DAMN HIGH! Greenspan are you paying
attention??? Or is your head up Clinton's b### ???
So, ttf, you'll be correct BEAS will go to 15 or lower.
Not because of BEAS competitors or BEAS actions. But because
of Greenspan, too high interest rates, and currency problems. |
