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

To: ItsAllCyclical who wrote (1437)	3/12/2001 4:13:36 PM
From: Think4Yourself	Respond to of 23153

Or they just might buy Silicon Valley via the Naz :-0

To: ItsAllCyclical who wrote (1437)	3/12/2001 4:30:53 PM
From: cnyndwllr	Read Replies (1) \| Respond to of 23153

JimL RE: <<The middle east and the oil rich nations will be the only ones with disposable income soon...and they just might buy gold to protect oil profits as Slider predicted months ago.>> I've always looked at that possibility and wondered why. It seems to me that they are economically so well versed in the worlds economies now with all of their American and European trained economists, that they might well do what all of us are going to do or have done; put their money to work in the tech arena. Instead of burying their money in the back yard or holding it in an asset with no intrinsic value, why not buy up a bunch of cheap tech stock and wait for the cycle to turn. I would, and will, and I suspect they will also. The rebound in tech might be sooner and stronger than we think. I suspect that if we want a quick recovery, we need to have this bloodbath so that investor confidence and then the economy can recover. If this keeps up we will soon hear how the worst of all outcomes is built into tech stocks and we will believe it because it may well be true. When the horizon looks clear, we will all look past the next 6 months and invest for the future but we need to feel confident that the worst is behind us. Days like today and Friday do that much more quickly than the "pecked to death" days we might have seen. I agree that we saw some real fear today and it hit even harder at the close. For the first time in a long time, I feel we might be significantly closer to a real turnaround day that is justified by the market, not the analysts or the complacent confidence that the market will rebound. I suspect that all it will take now is a piece of unexpectedly good news or another day or two of blood letting followed by a rate cut. It may not be THE bottom, but it may do just fine for a reloading bottom ahead of the summer doldrums. We'll see. Ed