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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?


To: TobagoJack who wrote (2460)3/20/2001 2:17:54 AM
From: steve susko  Read Replies (1) | Respond to of 74559
 
have you shorted Nem puts? look like Gold is basing again around 260.



To: TobagoJack who wrote (2460)3/20/2001 2:18:47 AM
From: Steve Hegji  Respond to of 74559
 
<<If you actually convince enough people to sell, then the very thing that you'd hope to avoid (crash) becomes a guaranteed vicious cycle.>>

It's (something bad or very bad or very very bad) going to happen anyway. Does Medroogie want us to be "Organic Guilt Accumulators" and martyr ourselves to this mania?

Personally, I think that the smart people who manage to conserve capital form the basis of the liquidity needed to get us out of the hole that all the greedy people have dug for us. Admittedly it's hard to watch but a lot of people may end up in the hole. The more people standing above - the quicker the others can be pulled out.