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Strategies & Market Trends : Piffer OT - And Other Assorted Nuts -- Ignore unavailable to you. Want to Upgrade?

To: long-gone who wrote (57183)	10/20/2000 5:30:33 AM
From: Jorj X Mckie	Read Replies (2) \| Respond to of 63513

I am sure there has been. But why do you think that this is the time for it? Why does this bear have to resemble the 1929 crash, or the 70s or 87 or Japan or any other bear? I believe that this correction is technical in nature, not something that is being triggered by an underlying change in the fundamental picture. The market got way ahead of itself and now the excesses are being wrung out. In the end, I see it as a healthy culling of the weak companies/stocks that will make the remaining herd of bulls much stronger. Could it be that the bear market in gold is the based on the realization that the value that it has as a monetary standard is only as strong as the value that you and I place on it. In other words, the value was/is more fleeting than many of the internet stocks that have been used as examples. At least it was known that their value was speculative. And I am not saying that gold has no value, just that the value placed on it as a currency is inflated. Phrased as a question: Is there a chance that gold is the proverbial "buggy whip" in a secular bear market?