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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: BigBull who wrote (277)	2/25/2001 12:28:32 PM
From: excardog	Respond to of 23153

Big Bull This " hard asset" question is a very interesting one. If history is any guide the early 70's oil shock and the inflation in real assets as we entered the 80's could be our guide. This inflationary period culminated with gold reaching it's highest prices ever. Then somebody named Volker turned off the lights and the party was over. Anybody here ever get involved in the pyramids that were floating around at that time? Wild stuff. I'm thinking we could be on the verge of some serious hard asset inflation but the party will end much sooner due to how fast information moves these days. Instead of a 3 to 5 year run in inflation the "information age" we live in cuts the length of time in half or even a quarter. Who knows. All I can say is in the area I live housing prices jumped pretty seriously over the past year. I'll let you know if this continues. Best

To: BigBull who wrote (277)	2/25/2001 4:33:20 PM
From: cnyndwllr	Read Replies (1) \| Respond to of 23153

Big Bull, I'm glad to see you posting here. I think the macro economic questions should take much of our focus now. I'm not sure whether any stocks are good stocks if the economy keeps heading in the direction it's going. Simply put it's obvious, of course, that any good news on a macro econ basis will drive up almost all stocks and any bad news on a macro basis will punish all stocks, even undervalued solid companies. Reading our posts, it appears that many of us are still anxious to buy stocks, are still concerned that we might miss a big runup and still feel that blue chip tech stocks are undervalued. That doesn't sound like a bottom, especially in the face of declining employment, inflation, energy problems, accellerating balance of payment deficits etc. I suspect this might be one of those times when an investor would sleep a lot better missing the bottom by 10-20% on the way UP instead of on the way down. Especially since that 10-20% on the way down might grow bigger and bigger. Ed