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To: isopatch who wrote (89724)	4/5/2001 12:17:05 AM
From: t4texas	Read Replies (1) \| Respond to of 95453

iso, i did read the roach article. i try to check in to the morgan stanley econ page each day, but i missed that one from roach the other day. i am glad you pointed it out. he and larry summers talked a lot about this. in fact as i recall from reading roach a few weeks ago, roach heard the idea from summers somehow. it is funny that summers talks about the boom-bust econ of 1800s and early 1900s Now instead of during his time at treasury. i wonder if he bent greenspan's ear about his opinion between march 2000 and december 2000. it would all have been on background, and maybe greenspan might have done things differently. i just wonder. no matter the economy and the doldrums, i am still thinking we may get a good move in the markets pretty soon. the profit fundamentals are not good in techland, but the investor psychology is generating some buy signals lately. if we take off, the old leaders will not be the new leaders. mickey mouse profits and pro forma profits won't do it on a market upmove if we get one soon. so i look for companies who can USE the low interest rate money sloshing in the system and are showing some staying power lately. osx and economically sensitve companies come to mind. i got to tell you with the weakness in the financials, it looks like people are moving some money into the golds. i noticed the volume on this two day upmove was much higher than the down move we have had for the past week. i am not committing much money to the market upmove idea yet, but if the market starts taking off i will get all in fast. the decision is on the brink right now. HOWEVER i am hoping we continue down, down to get a real, lasting bottom. i still have some retailer shorts. i am amazed about the discussion on tv about people selling winning or performing stock to make margin calls on nasdaq stock. one key law of margin is NEVER to make a margin call. the mistake has been done, and now they are just throwing good money after bad. if anyone has read this far and you ever get a margin call on the long side, then SELL the offending stock that got you the call! you were wrong once. no use being wrong twice. bernie ebbers, as rich as he is/was, did not read the law on margin calls. now look.