To: szabel who wrote (10364 ) 5/22/2000 10:11:00 AM From: Tunica Albuginea Read Replies (2) | Respond to of 24042
szabel, seeing that many JDSu SI bear hunters are taking a break and drinking cider in the shack and seeing that my juices are still hot for the hunt I will continue. Let me warn you though that my trusted Marlin 444 Magnum is deadly and will go though thicket and bush so that no bears can hide. Things look pretty good actually:A) Asia down That will lower their equity and " the poor effect " will prevent them from raising prices, which will further lower tec components imported here; will keep our inflation low.B ) Oil prices up Not a problem. -oil at $30 is half the price of 1974. - US uses half the oil, in proportion, compared to 1974.C ) lack of workers -New law allows older Americans to work without penalty. Plenty of older Americans to keep worker pool going. -older Americans will have to work because health costs are rising and the Nation says no to further tax increases to pay for Medicare. Georgi ( Bush ) will see to that in Nov. Older Americans will need to learn that living off their children's and unborn grandchildren livelihood though borrowed money ( Medicare )to pay for terminal disease therapy will come to a stop sooner than later.C) Rising health care costs. Will rise much less than thought. -HMOs are still containg costs. -Most importantly, soon, employers will give the Health Care check to their employees to buy Health Insurance. That has been shown to cut costs drammatically because employees become very stingy! Afetr all, now it " their money ", and not, " somebody else's money ". -New studies (By VA in US Armed Forces ) ( see recent Wall St Jour front page article ) shows that drugs can be safely kept on the shelf for 10 - 15 years rather than the current 3. That will crimp the drug companies pricing ability. -Medicare costs will remain contained. The Nation is now seeing through the Medicare con game, aka " Ponzi scheme " : Borrow money from your children and the the unborn ( also known as " involuntary taxation "; " taxation without representation " we had a tea party in Boston about that; strictly un - A merican, unethical and a non religious practice:borrow money to pay for terminal disease: 83 year old grandpa's 3rd stroke and coma or spread canceryada yada yada ) This con game is going to rapidly disappear. Tax payers will see to it D) " Market Bubble and Wealth effect " What market bubble? " Bubba " ( aka as " Billy on the Hill " ) made sure that was pricked by bullying MSFT to help elect Algor ) Finally szabel, there has been a surge in liquidity in past week. Where is this money going to go? Bonds? Ask your neighbours, howmany are willing to accept 4% after tax returns. Back to technology: If you loved MSFT and CSCO at 125 and 85 you have to fall madly in love at 65 and 52.5. I did, and bought Fri. I even bought CSCO, the old NN/ALA nemesis!! Money in the Bank. If I were you szabel, shorting the market, i would be on a, constant look out for a fat 444 Marlin coming out of nowhere headed for your a'' cheers :-) TA Message #10364 from szabel at May 22, 2000 12:02 AM ET If you think this Bear will just go away, think again. That sling shot fired by Pat Muddy Mudge bounced off my helmet. Yes , this bear is prepared. Id like to give you a brief rundown on what i call the "Bear Stare" report for Monday morning, May 22nd Just in case you missed the overseas trade numbers; If i were you, id loose sleep over tomorrow. WRAPUP 1-Asian shares pulled down in Nasdaq's wake - Reuters - Sun 11:14pm ú HK stocks off sharply - Reuters - Sun 10:45pm ú Japan stocks tumble by midday as high-techs mauled - Reuters - Sun 10:29pm ú HK stocks off sharply, U.S. rate worries persist - Reuters - Sun 10:08pm ú Interest rate woes dog Australian - Reuters - Sun 9:45pm ú HK stocks set to open lower - Reuters - Sun 9:23pm ú HK stocks set to open weaker, following U.S. - Reuters - Sun 9:07pm ú WEEKAHEAD-LatAm stocks moving to beat of US markets - Reuters - Sun 8:49pm ú Nikkei index falls over 3% on high-tech sell off - Reuters - Sun 8:44pm ú Nikkei drops - Reuters - Sun 8:35pm