Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Bill Wexler's Dog Pound -- Ignore unavailable to you. Want to Upgrade?

To: golden_tee who wrote (7932)	4/12/2001 12:33:46 AM
From: Mark Marcellus	Respond to of 10293

Other than one very small position, I'm not short anything. I am sitting on a pile of cash, and have been for some time, looking hard for something worth investing in and finding very little. BTW, the market is NOT the economy. For a few very short periods of our history, it has seemed that way though. A study of the aftermath of those periods is not encouraging. In that sense, your fears of calamity if we keep going down have some basis. I would only point out that chasing speculative stocks in the face of this possibility is probably not the wisest course of action. You are in danger of becoming like the wild eyed gambler at 4 AM who had a great run at the craps table, but stayed too long. By then the table has turned against him, and he is in danger of losing everything. Instead of salvaging what he has left and leaving, he presses his bets, all the while blaming his misfortunes on the guy with the big pile of chips who's betting the "Don't Pass" line. If a bear market scares you this much, you shouldn't be in the market at all.

To: golden_tee who wrote (7932)	4/12/2001 9:01:20 AM
From: Kevin Podsiadlik	Respond to of 10293

What he said. Put another way: the last time the Nasdaq was under 1500, we weren't in a depression, and I doubt we'll automatically lapse into one if we go there again. This foundation of this economy is not, as you seem to be claiming, built upon stocks advancing 50-100% in a week's time. And furthermore, the world, at least for most of us, will not come to an end when investors ultimately tire of VLNC's excuses, delays, empty promises, obsessions with short sellers and critical journalists, etc. and finally kick it to the curb for good.

To: golden_tee who wrote (7932)	4/13/2001 5:49:47 PM
From: Hank	Respond to of 10293

Depression. Recession. It's all a matter of degree and semantics. Are you sitting on a "pile of cash"? Yes? Good for you! Now ask yourself this, were is that "cash"? In a money market fund? In a safety deposit box? In a federally insured savings account? If it's in a money market account, watch your @ss. How do you think they get those better than average rates? By playing the field with derivatives and other not so secure investment tools. In a SEVERE market crash (the likes of which we haven't really seen yet), not even money market is safe. They can wipe you out too. In a safety deposit box? Well, that's pretty safe unless the value of the dollar goes to zilch, which it would in a truly severe market fall out. See how long that 100k lasts when inflation hits 20% or more! In a federally insured savings account? That's about as good as a safety deposit box as long as you don't have MORE than 100k to stash, since 100K is the insured limit. I'm not advocating your point about a depression. I hope to God one isn't on our heals. However, a true economic wipe out is just that. It leaves a very few standing. AKA those best informed, which ALWAYS equates to those with THE MOST MONEY. You, on the other hand, seem destined to be one of the lemmings. You'd better pray things turn around and turn around quick on this very Holy weekend. Cheers.