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Strategies & Market Trends : Drillbits & Bottlerockets -- Ignore unavailable to you. Want to Upgrade?

To: Lost1 who wrote (7202)	4/4/2001 2:24:42 PM
From: HG	Read Replies (1) \| Respond to of 15481

Of course they stem consumer spending. Of course they're awful from economic point of view. The next few years are going to be awfully tough on everyone.... My explanation was more from personal wealth viewpoint. Assuming there are no Dr Koops in my LT portfolio, in fact assuming there is only csco in my portfolio and i have held it thru the decline. In 2010, 2015 or 2020, when that money is needed for my kids education, it will be there....the situation just appears to be much more traumatic today than it is... If we had outsourced the money management, we would not have been as worried...i guess its the uncertainity and our inability to see the future than the loss which causes this pain that Tom alluded to. I mean, csco wasn't s'posed to be at 82 anyway....so the 'loss' itself is imagined rather than real...the loss is the consequence of a gain which wouldn't have been there if you were a rational and a conservative investor to start with...the loss is relative. If the objective is kids college fund, and if i had kept my kiddies college fund in the money market...i wouldn't have had this loss at all...the loss therefore is a consequence of my investing and risk profile...<smile> Of course the theory of corporate finance is based on the fundamental that investors feel the pain of a loss more than they feel the joy of a gain...<smile>