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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: Jim Willie CB who wrote (32185)	3/1/2001 3:22:01 PM
From: AllansAlias	Read Replies (2) \| Respond to of 65232

I believe that focussing on Greenspan helps nobody at all. I believe focussing on the Fed is only marginally more useful. We have to ask broader questions about our way of life. Questions concerning the very nature of risk, reward, greed, and so forth. The Fed and the broader policies of your government did not come into the world fully born. They reflect the nature of the society. Yes, they are flawed, but few examine them closely when times are good. It was not so easy to see then as it appears to be now in hindsight. I guess it comes down to your view of history and what makes societies move forward. For example, some people might say that Henry VIII threw out the Catholics. I do not see it this way. He was simply the person there at the time when circumstances made that event necessary. Jim, I keep saying the same thing. We should have been crying out from 1998 forward. Many writers were, but we were in a time when good times were rolling and their warnings fell on deaf ears. This is a real fine bounce. Right off the 1990 COMPX trendline. I am long and liking it for now. Cheers. Allan. _____________ smell the coffee, man I know you have in the past but establishing and declaring a scapegoat does not serve to help people people with real needs and real problems