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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: marginmike who wrote (65099)	12/23/2000 1:02:45 PM
From: Mike M	Read Replies (3) \| Respond to of 99985

Hold on there, Nellie... Who said everybody's real estate is about to be devalued? In my town it happened about 5 years ago. It isn't an investment, I never cried about it, and we aren't where Japan was in 1990. Who has a huge tax bill on money he doesn't have? If you lost money this year then you should have a $3K tax write off courtesy of AG. My job isn't in jeopardy, hope yours isn't either. That the dot.coms are gone is too bad but very predictable. Dot.coms had the very nasty side effect of siphoning money from real companies. Teleco's will have to learn to live within their means and that means some will do better than others. AG has something to say about credit crunches. He didn't let it happen during Y2K and I doubt he will let it happen now. You are making a great argument for gold and oil to drop again...Depends on how aggressive AG drops rates. Sep 99 to now was like a dream come true for a guy with your trading acumen. For a lot of folks, it was a non event of feeling wealthy for a while and now back to where they started. I'm not a raging bull, I don't even believe the market will act in tandem, but I see a silver lining and the beginnings of the next bull market. Lets see, average joe has lost 30-40% of his savings. What average joe...lost that much? Reasonably conservative 401K's dropped a modest amount. Mine happens to be worth more money than last year at this time...and is gradually being shoved back into growth and G&I...

To: marginmike who wrote (65099)	12/23/2000 2:45:02 PM
From: Softechie	Respond to of 99985

Dot.coms are gone, Teleco's are unable to raise money. Credit crunch begun...this is very true.

To: marginmike who wrote (65099)	12/23/2000 3:09:17 PM
From: LTK007	Read Replies (1) \| Respond to of 99985

marginmike<Lets see, average joe has lost 30-40% of his savings. His real estate is about to get devalued. His stock options are worthless, and his job is now in jeopardy. He has a huge tax bill next year on money he doesnt have.....HMMMMM? Dot.coms are gone, Teleco's are unable to raise money. Credit crunch begun. Japanese Nikei at 13456, Asia slowing. Europe slowing. Yah we will have a soft landing! NO CHANCE.> gees Mike i thought an interest rate cut would make EVERYTHING better,and we can see 5000 again real soon (this i say with drippingly acidic sarcasm:) Max