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To: pater tenebrarum who wrote (67602)2/14/2001 12:52:20 PM
From: Mike M2  Read Replies (1) | Respond to of 436258
 
Heinz, someone needs to remind AG that over-optimism leads to over-indebtedness which leads to TL & EV. Most people fail to understand the magnitude of the impact of several unsustainable macro events - 1) a dramatic reduction of the savings rate from 8-10% to below zero and the accompanying dissavings 2) expansion of debt faster than GDP 3)wealth effect of the bubble . Mike ho ho ho



To: pater tenebrarum who wrote (67602)2/14/2001 12:52:59 PM
From: timers  Read Replies (1) | Respond to of 436258
 
if you see a bottom today (14th) and the 23rd, what you see for tomorrow, friday, monday, tues, and wed leading into thurs the 23rd? i mean why 2 bottoms of the cycle you thihnk when they are so close? nary enuf time for a bounce ??? how does that usually play out in your op?



To: pater tenebrarum who wrote (67602)2/14/2001 12:54:02 PM
From: prosperous  Read Replies (1) | Respond to of 436258
 
If "irrationally exuberant" comment was a buy signal in hindsight in 1996,
"unreasonably cautious" must be a sell signal now extrapolating the contrarian
logic.



To: pater tenebrarum who wrote (67602)2/14/2001 1:33:24 PM
From: yard_man  Read Replies (2) | Respond to of 436258
 
no such thing and unreasonably reckless -- (and AG ought to know)--- and that exhuberance thing was years ago.

I heard on NPR today that all the excesses of the dot.com speculative boom have been worked out of the system thanks to AG, who wisely targeted those high priced stocks last year in order to prevent a crash.

All clear! Now we can get back to value investing <vbg>