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To: pater tenebrarum who wrote (51746)12/27/2000 9:48:07 PM
From: Lucretius  Read Replies (3) | Respond to of 436258
 
see ralph a called for dow 12500 and naz 4k? HO HO... got puts?



To: pater tenebrarum who wrote (51746)12/28/2000 1:09:57 AM
From: vegetarian  Read Replies (1) | Respond to of 436258
 
Recently heard that a major semiconductor tech is adding QQQ to the set of choices to their employee's 401K retirement plan from Jan 2001 when all their other choices are more conservative. Now silly me, thought of the following scenario: JoeSilverHairTech employee has seen is stock and option value cut in more than half for the company stock, sees that QQQ did so well so far and now that it has fallen looks like a bargain, to compensate for all the stock and option losses he decided to make a wise move in Jan new year to move all his retirement money to QQQ because it has started to rise and he is convinced that the bottom has been seen, however, like a radioactive element's half life QQQ's value halves again in three months, and since the slow down is more than estimated earlier, the employee also gets laid off at that time. Nah! can't happen right? too much caffeine ;-)
SO what do we make of this volatile addition to retirement choices which IMO is arriving at an unfortunate time. May be more to come? who knows...



To: pater tenebrarum who wrote (51746)12/28/2000 8:11:42 AM
From: accountclosed  Read Replies (1) | Respond to of 436258
 
siliconinvestor.com

heinz, we're famous <g>



To: pater tenebrarum who wrote (51746)12/28/2000 1:07:20 PM
From: Mike M2  Read Replies (1) | Respond to of 436258
 
Heinz, with respect to the credit/ GDP growth ratio. I have seen others refer to the fact that this ratio has increased over the past few decades and then infer that more credit is required to sustain GDP growth. It peaked at 2.2/1 in 1929. That may be true to some extent but I feel that the current ratio is more indicative of the fact that much of the credit creation is used for leverage and speculation rather than productive purposes. They are simply inflating the claims on existing wealth ( productive capacity) rather than create new wealth. One critical point overlooked by many is that credit used for productive purposes is self financing -assuming there is no malinvestment but when credit is used for leverage or consumption you are on the road to ruin ( TL & EV). mike ho ho ho