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.

Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: ahhaha who wrote (66106)	3/19/2001 12:21:13 AM
From: Abner Hosmer	Read Replies (1) \| Respond to of 116756

That's true. You never fell for the conventional wisdom. So if I may ask, where do you think we stand in this whole deal? Everyone I know who really follows the market is in one of two bags: they have either held all the way down (mostly stock option money) and maintain a fatalistic stoicism, or they are in the money markets and equally prepared for the next rally or the next Great Depression. Personally, I am debt free, living quarters paid for, and have moved all available funds into a T-bill account. I do a bit of day trading and have done okay in SOX and XNG, but gave back some by not getting out of XAU on the recent high. Interesting times we live in.

To: ahhaha who wrote (66106)	3/19/2001 10:52:27 AM
From: PAUL ROBERTSON	Read Replies (3) \| Respond to of 116756

the way i see it, their options are very limited. The USA is in the same position as Japan 10 years ago. Taxes must be slashed and the dollar must come down. The quicker this can be accomplished the better for america. It took the Japanese 10+ years to realize that the yen must come down while they fiddled and hoped that the global economy would pull them out of the muck as they spent good money after bad. Now they are in so deep.....the yen drop could cause huge missallocations throughout the area. With the tech boom now muted, the USA economy will continue to fall like a rock if the dollar stays at current levels. Lets see if the good old USofA needs any advice from Japan as the soup gets thicker. The US sure was full of advice when Japan was going through the soup. How the tables turn.