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Strategies & Market Trends : Group Therapy -- Ignore unavailable to you. Want to Upgrade?

To: E. Graphs who wrote (3199)	3/5/2001 4:25:11 PM
From: Logain Ablar	Read Replies (1) \| Respond to of 4564

E: I had breakfast with a broker last week (manages funds with a 2% charge) and he was blaming AG for the drop in the stock market. You can bet the blame will be on AG or Bush. They masses won't blame themselves until later on but they will still point the blame elsewhere. I know this broker had a different motive since it couldn't be his fault for moving clients into stocks with high multiples (at least this guy didn't put clients into the dot coms). Tim

To: E. Graphs who wrote (3199)	3/6/2001 12:26:39 AM
From: Duane L. Olson	Respond to of 4564

E! Very wise comments. But while I would very much share your view of a hopeful, productive use of investment resources, it seems to me that the dot com craze had already deflated (after March, 00), and the remaining tech was more fiber optics, wireless, networks, media, software, semiconductor, etc, when Alan and pals lowered the final financial boom (May, 00). And though I spent most of my career in engineering and management positions, my first degree was in economics, and through the senility haze I feel, rightly or wrongly, that I still have a fair capability for assessing those applications of economic principals which are reasonable and those applications which appear not to be.. So I hope you will find a way to either humor me or ignore me when I continue to castigate Greenspan for tossing out the baby with the bathwater, in my view entirely unnecessarily. <gg> Remember, when Alan is crushing those dastardly dot coms, he is also crushing those companies focused on projects that improve our world, make us more efficient, with more attention paid to quality of life... I trust the market to sort out the rational from the insane without quite so much assistance from Alan and his bureaucratic Washington buddies of similar counter-productive (imho) ilk.... Cheez...get off your podium TSO!! Yes sir, done sir!!! <GGG>. tsp