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To: bobby beara who wrote (64779)12/20/2000 1:14:26 PM
From: Sweet Ol  Respond to of 99985
 
>> master, booms and busts have been around centuries before AG, don't give ag too much credit
or blame (although that last .5 hike was a doozy -ng-)

he's a trend follower just like everybody else and sometimes get caught to long in the trend when
it ends, like most.>>

I remember when the first raises were announced. Some bright person on this thread pointed out that we had a control system here that is impossible because of the huge lag in the responses and the fact that you can't measure the effects until well after the fact. Therefore, the laws of physics tell us that it is only after they have gone too far that they will know when to reverse. It is like a pendulum, it always goes too far. There is nothing anyone can do about this, they try the best they can, but since they do not have 20/20 foresight, their job is extremely difficult.

It has always been this way, and it will always be this way. It is up to us as investors to realize that fact and plan accordingly. That is one of many the things that separates the men from the boys in this business.

Best to all,

John



To: bobby beara who wrote (64779)12/20/2000 9:14:23 PM
From: ru2  Read Replies (1) | Respond to of 99985
 
Bobby, I may have found your front page article. San
Francisco Chronicle

GLOOM,DOOM FOR STOCKS
Nasdaq dives closer to 2,000 as
skitish investors bail out

The Gloom and Doom part is written in letters about 2 inches tall. There are several other articles on the same page, but this one is at the top and definitely sticks out.

FWIW

Ru2