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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?


To: Voltaire who wrote (34380)3/21/2001 11:40:16 PM
From: Annette  Read Replies (2) | Respond to of 65232
 
williamcooper.com
Market Crash Worse than 1929

by William Cooper

Veritas News Service -- Exclusive, March 21, 2001 -- This stock market crash is worse than that which occurred in 1929. Already the amount of money lost since October, 2000 makes the 29 crash look like a Girl Scout picnic. And it has just started.

This is the first time in my lifetime that I have ever seen the markets fall after a lowering of the prime interest rate by the Fed. It indicates to me that whatever confidence Americans may have had in the Federal Reserve and its worthless paper has evaporated. Do you think Americans have finally caught on to the fact that paper backed by nothing is worthless? If they have it may be too late.

This crash is so bad that Mom and Pop may not ever be able to retire. Their money has vanished.

The irresponsibility and greed that motivated people to buy stock overpriced beyond comprehension is the best indicator of how far down the moral and ethical scale we as a nation have fallen. We have lost our direction, our sense of purpose, and our goodness. But worst of all we have lost our spiritual identity. When we threw God out the window we pulled the plug on America.

If this crash continues it will kick in draconian measures. You should watch and listen for any indication that the administration considers the crash to be an economic emergency. If that happens what I have been warning you about for many years may actually and finally occur.

=====

Wow. I think Nasdaq wants to go back where it's comfortable, in the 500s or so....

Annette



To: Voltaire who wrote (34380)3/22/2001 12:28:25 AM
From: RR  Read Replies (2) | Respond to of 65232
 
Hello Troops! How's everyone doing? Out in the boonies in some motel room that just got phone lines last week I think. Bet ya'll wonder what I really do sometimes given my travels to some of these places, huh.

Anyway, trying to get a connection that will hold. Keep getting disconnected. Gonna have to go climb that pole and hook up a line myself before the night's out.

Ya'll hold the market up the next two days while I'm gone. Oh, let's think optimistically, how about some green tomorrow?

I did buy some QQQ calls today.

Looks like the DOW is really being worked on. Maybe once it goes down a bit more we can start some real long term basing. Hang in there folks. It will get better, just takes time.

For those who have never experienced this kind of pain, this kind of market, then as hard as it may seem, I think you can learn some things from this market that the books can't teach you. You take what you learn and get better, even if it hit you hard and you got slapped with a dose of reality. I call those reality checks, usually I get one of those when I get to thinking I'm too big for my britches. Knocks me down to size real quick. The key is to rebound, learn from it, go forward, and do better.

Hang tough, stay smart, have patience but be aggressive, do you homework, and make those orders come to you.

Take care all. uh..... just heard gunshots. Think I'll go play pool with the bubbas now. Maybe I can win some money to put in the market if I get lucky. Who can I call for bail money?

RR.... out in the boonies