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To: Wyätt Gwyön who wrote (50221)3/20/2001 10:12:12 PM
From: t2  Read Replies (1) | Respond to of 77398
 
OK, I think it is now sufficiently gloomy for me to be positive

MM, Are you serious?



To: Wyätt Gwyön who wrote (50221)3/20/2001 10:48:51 PM
From: Eric  Read Replies (1) | Respond to of 77398
 
Well I wasn't too surprised that Alan and Co. gave us only a 50 basis cut today. I left the house before the market melted down, Ouch! But I bought some more stock and will really start taking a position with about 25% of my cash that has been burning a hole in my pocket. Only been buying some biotechs adding to my position from December.

Looks like we get another 25 to 50 basis cut next time and then only 25 basis cuts unless things really melt down. So more slow bleed in the Naz with and this is a guess a bottom of about 1700 and the dow will move lower to about 8000. Bottom should be here in about a month.

Saw a good story last night on Jim Lehrer's News Hour show on PBS about Japan's dire situation. In one word...deflation. Japan wants to devalue the yen slowly. Hmmmm...

Guess what will happen to our Dollar!!!

Eric



To: Wyätt Gwyön who wrote (50221)3/21/2001 7:59:43 PM
From: Frank Ellis Morris  Read Replies (1) | Respond to of 77398
 
If you put $2,000 in the market in 1950 and let it sit, then today those same stocks would be worth $1.2
million.

I am glad you have so much time and patience

Frank



To: Wyätt Gwyön who wrote (50221)3/21/2001 8:25:37 PM
From: Sonki  Respond to of 77398
 
That is only 13% a year. We had a 17 yr secular bear market in between. So yes, if this 1949 then fine, but what if this in front of the 17 yr dead period? I would much rather be invested in Naz for next 40 yrs then Dow.

i intend to put $2000 in cubes in a small ira act to see if it turns into 1.2 M. sooner.