To: Jim Willie CB who wrote (14197 ) 4/16/2000 10:57:00 PM From: Ponderosa Respond to of 35685
Holy Guacamole! I just returned from a fantastic vacation in Mexico only to see what happened to my account while I was away... no wonder ya all are in an uproar! (Seems the circumstances of the times have lead to general angst and now it seems that JW has been drawing flack from others apart from Molloy. Hang tough now JW... some may not appreciate ya, but I do...) Also noticed that "powers at be" and houses, (maybe I repeat myself), are all in a twist over margin... I can't figure that one out at all since recently I read in Business Week, (4/24 issue, p.162), that margin represents only 2% of total stock market capitalization. OK, if it was 30% or something, maybe the genuine growth companies in the NAZ could be off 30%... The power of this sell off is surely just pure short-term panic IMHO... seems to me that most economies worldwide generally have never been stronger and never had a better long term outlook. Unfortunately it seems that the media pessimists are now having their field day. Something I'm annoyed about is how these anti-trade radicals are behaving in Washington DC. OK, the World Bank and the IMF are idiots at times but if you want to #$*&! the economy, just go ahead and restrict the peoples of the world from trading with each other for their own mutual benefit. Oops! must be suffering from margarita withdrawal... I think I'll go an fix that right now. Seriously though, as for me, I agree with those that think the worst is almost over... maybe a shitty few days ahead then, onward and upward! (Not if those anti-traders, tax increasing do-gooders have their way though). Cheers!