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Technology Stocks : JDS Uniphase (JDSU) -- Ignore unavailable to you. Want to Upgrade?

To: jmac who wrote (18968)	2/22/2001 10:17:12 AM
From: Tunica Albuginea	Read Replies (1) \| Respond to of 24042

OT/OT/OT/jmac I agree. There are a lot of Republicans out there who should switch party and call themselves what they really are: tax and spend Democrats. They all went to the same Liberal East side schools of Tax and Spend...Keynes... TA

To: jmac who wrote (18968)	2/22/2001 7:43:57 PM
From: jmanvegas	Read Replies (4) \| Respond to of 24042

Around August-September of last year I received in the mail an investment pamphlet (some 20 pages long similar to the pamphlets sent out by G. Gilder) from a supposedly investment guru proclaiming the end of the bull market. I'm sure many of you here have received similar types of investment pamphlets in the past. I forget the name of the gentleman or the name of his company. I remember sitting down and reading it and being stunned by his proclamations and forecasts. So what did I do - I tossed it in the trash saying to myself here's another "investment guru" seeking $395/year for a subscription and who needs this. Little did I know then and in hindsight today (as we are wonderful Monday morning quarterbacks) that this guy was right on the money. What he proclaimed in his pamphlet was that there was a contrived, planned, plotted scheme by Wall Street to suck and transfer the wealth out of shareholders and mutual fund holders into the coffers of the elite wealthy class. And it was being plotted by the very well-known houses on Wall Street who many rely upon for financial advice, for stock forecasts, for investment advice, etc. The gentleman called it the biggest theft in the history of mankind. When I was reading this pamphlet I said to myself this is nuts, it can't be, what does this guy know, etc., etc., etc. I wish today I could retrieve that pamphlet and share it all with you. Lo & behold I never heeded the pamphlet's advice, I never subscribed to the guy's newsletter, and I got burned like everyone else - although today thank goodness I am 98% in cash and am only looking for investment opportunities in energy and biotech. I continue to lurk the threads interested in what many of you folks have to say. I can't remember how many times T2 has stated that the Fed will lower rates, the bottom is in, etc. I can't tell you how many times on various threads Cramer was called wrong on his opinions. All I know and feel at this time and I commiserate with all of you, that this market is being manipulated, has been manipulated, and will continue to be manipulated by the very esteemed houses on Wall Street who folks believe are righteous and above board. The Wall Street houses, their investment advisors, their ANALysts are whores. Pardon my French. And they will cut your cajones off in a minute for a buck. Again pardon my French. How many times and to how many stocks have these houses put out buys on, upped their price targets, etc. only to later lower their targets on reverse their buy recommendations and leave the investor holding the bag. Essentially, the houses have protected their "elite" clientele, got them out of stocks only to burn the average investor by advising that average investor to buy based upon knowingly and manipulatively false recommendations. Abby Joseph Cohen was recommending going overweight in tech stocks when the Naz was at 3200 and continues to do so today. I'm sure all of us can name numerous other "investment gurus." The bottom line is we all got royally screwed, manipulated, with the biggest wealth transfer mankind has ever seen. What we have witnessed this past year for the Naz is 1929 - pure and simple. But nobody talks about that. Nobody on Wall Street talks about the Naz being a 1929 debacle. NO! The Wall Street whores just keep on coming with their lies and inuendos. As far as AG & his Fed cronies, I have mentioned numerous times that he is the biggest POS out there. And BTW, that pamphlet I mentioned included the Fed as being an integral part of that wealth transfer scheme. AG has politicized the Fed and he should RESIGN IMMEDIATELY!!!! He knew back in November that the economy was taking a turn for the worse. Why didn't he lower then? Because of an election? Why didn't he lower in December? Because he was having his first meeting with Bush and didn't want to appear as being a Republican pawn. That's not his job. His job is to preserve and protect the financial well-being of this country through monetary policy regardless of the month, the circumstances, or who and when he is meeting with someone. HE BLEW IT!!!! And the confidence in him has diminished tremendously IMHO from Wall Street to Main Street. I'm sick and tired of government agencies trying to fine tune economies. And I'm also sick and tired of the political back-biting and partisan bickering I see coming out of Washington D.C. regarding tax policy, education reform, etc., etc. And on top of that, although I'm a Republican at heart, George W. is an idiot if anyone saw his press conference today. He is a Republican puppet or pawn, and he was found to wrest control of the White House from the class warfare Democrats who are scoundrels with an attitude. No wonder no one has confidence. Look at the crap that is leading our nation. I was listening to Bob Dylan the other day and I was humming the words: "the times, they are a changin." It used to be don't fight the Fed. Well look at Japan. They've got almost 0% interest rates and nobody gives a sh*t. You see their economy going gangbusters. So when somebody says the Fed is going to rescue the markets (especially the Naz) with lower interest rates, I just keep humming that Bob Dylan tune. You see folks - we're in a liquidity crisis and the Fed is caught between a rock and a hard place. And AG and his octogenarian cronies know it. They're cornered. It's checkmate. You just can't remove several trillion dollars of wealth and attempt to resurrect the economy overnight. And any rallies that will come to be and there will be rallies, are all bear market traps. So if you catch any rallies and are making a few bucks, make sure you've got quick fingers to get out of your trades and take those few bucks the market may give you. About 1 month ago, Ron Insana was interviewing another investment guru (I forgot his name - boy I must be getting old) who was recalling the bear markets of the 1970's when they coined the term 2 martini lunch. At that time, nobody was calling the brokers - nobody was buying anything including bonds. The brokers' phones were dead so the brokers were able to take extra long lunches and have a few martinis, because there was no business to be had. Nobody was buying anything. So Insana asked him about today's investment environment. He said that a new kind of investment era was unfolding before our eyes. He called it the 2 martini lunch era. And that those who control the key resources such as oil, gas, copper, etc. will be the winners for this decade. Whether he is correct or not obviously remains to be seen. But his interview was hair-raising and insightful. What is my point to this wordy post. Don't listen to anyone. Don't heed anyone's advice. Don't listen to posters who proclaim bottoms are in, or the Fed's going to do this or that. Don't listen to Wall Street hacks. Don't believe the Fed is going to rescue us out of this malaise. Don't believe in government lies and Republicans and Democrats who only care about power. And especially don't listen to me or heed this post. It's just another post from cyberspace. Just listen to yourself, your own head, your own heart. Because the "times - they are a changin." jmanvegas