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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: MulhollandDrive who wrote (3558)	3/23/2001 11:15:08 PM
From: John Pitera	Respond to of 33421

I think that many watched cnbc, read the financial papers and listened to brokerage talking heads and brokerage reports and believed they were stupid if they were not invested big-time in High PE tech stocks. I don't know what they are invested in, but obviously the stocks could be a fair bit higher a few years from now. People have lost huge amounts of their purchasing power in previous periods both deflationary times such as the 1930's in the US and Europe and also inflationary periods such as the 1970's. The Weimar republic of Germany in the early 1920's was an extreme example and people were wiped out of their savings and wealth, more completely than what we've seen with the NASD. The Bible is replete with examples of cycles of prosperity and famine. Clearly Diversification, foresight, and some measure of the Grace of God needs to come into alignment for just about everyone to navigate the treacherous seas of their financial life................ or so it seems. John