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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: AllansAlias who wrote (78348)	3/10/2001 11:07:59 AM
From: Lucretius	Read Replies (1) \| Respond to of 436258

check out buffett's letter... WOW

To: AllansAlias who wrote (78348)	3/10/2001 11:16:50 AM
From: Zeev Hed	Read Replies (1) \| Respond to of 436258

Allans, an excellent general description of the 1969/1982 period.(G) Zeev

To: AllansAlias who wrote (78348)	3/10/2001 11:21:14 AM
From: Lucretius	Respond to of 436258

roflmao.... buffett: What actually occurs in these cases is wealth transfer, often on a massive scale. By shamelessly merchandising birdless bushes, promoters have in recent years moved billions of dollars from the pockets of the public to their own purses (and to those of their friends and associates). The fact is that a bubble market has allowed the creation of bubble companies, entities designed more with an eye to making money off investors rather than for them. Too often, an IPO, not profits, was the primary goal of a company’s promoters. At bottom, the “business model” for these companies has been the old-fashioned chain letter, for which many fee-hungry investment bankers acted as eager postmen.

To: AllansAlias who wrote (78348)	3/10/2001 12:40:12 PM
From: ild	Read Replies (2) \| Respond to of 436258

AA, check out interview that Brett Fromson of The Street.com conducted with Bob Wilson thestreet.com thestreet.com It may require to sign up for 30-day trial, but it's worth the hassle. This is what Bob Wilson said a year ago: thestreet.com

To: AllansAlias who wrote (78348)	3/10/2001 11:55:28 PM
From: chic_hearne	Read Replies (3) \| Respond to of 436258

Well, you get the idea. Investors today are better schooled at the notion of sentiment and what it portends. I do not think that in previous bear markets that the average joe had much of a sense that extreme sentiment was a powerful signal. What is the consequence of this flowering of knowledge? Well, I think it just means the bottom will be lower. I think that's the way the confidence game has to work itself out. Bullshit. Back in '29 those guys were probably talking about how they now had newspapers, radios, and telegraphs to keep them informed and they'd never get caught in something like one of the previous bear markets. You know it was the new era, radio and all, right? [please excuse my extreme drunkedness to be not able to mention the specific markets I'm referring to] -ggg- No, capitulation will come. It may not be the knockout blow that so many are expecting, but could easily be a ropey-dope, body blow affair that weakens the investor little by little, setting them up for yet another sharp decline that hears them utter quiety "No mas, no mas." It will come. It may not be a lockup 2000 point day, but it will be lockup on the same percentages. It has to happen, I see no other way. But I don't think that will be the bottom. I think that will utter a new bread of bullishness by Clowns that claim they've been waiting 2 years for such an event. Maybe this is the rally we've all been fearing for about a year that hasn't came. You've got to admit that's a decent catalyst. Pure speculation of course, so I have no idea what I'd do if such a day came, too many variables that can't be predicted now. JMHO chic