Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : WDC/Sandisk Corporation -- Ignore unavailable to you. Want to Upgrade?

To: limtex who wrote (19694)	3/18/2001 12:15:01 AM
From: Craig Freeman	Read Replies (2) \| Respond to of 60323

Limtex, re: "I wonder what Zeev thinks". Zeev posted his concerns clearly. Since no one has ever predicted the markets over time with any degree of certainty ... please consider this to be just "my two cents". First of all, Art did a GREAT job of outlining the forces in play at the moment. If you read his post you might get the idea that the world is about to crash into a bottomless abyss. Facts being what they are, the "big crash" has already happened. IMHO, what we are seeing today is a reasonable reaction to the newly-elected administration of an ultra-conservative President with "an agenda", Those last two words are enough to scare any reasonable investor into money market funds. According to reliable sources in major mags, potato farmers are dumping their crops as fertilizer rather than to sell them for less than a penny a pound. It doesn't take a genius to realize that $.01/pound potatoes could generate huge volumes of either Vodka or Ethanol ... an alternative fuel which was recently mandated as a gasoline dilutent in several states. But ... thanks to GWB, all our geniuses are busy testifying about why the GWB administration should recommend tax cuts, there's nobody left to deal with the obvious. An "intelligent" administration would have purchased every last potato at one cent per pound and converted them to ethanol. But the GWB administration is too busy promising farm assistance in later years and trying to pass a trillion-dollar tax cut bill. As a "buy and hold" investor, I can only recommend holding onto stocks that portend reasonable future earnings. On the other hand, it might make a lot of sense to join the crowd, sell like Lemmings, and wait for a new group in the Executive Branch. Or you could hold your cash. After all, it will only be four more years. By then, everything of value except large estates should be so devalued that it, by today's standards, will seem to be quite a bargain. In the "old" days, it rained for 40 days and 40 nights. By GWB's way of thinking, perhaps the only people who matter already own yachts. Craig