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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: smolejv@gmx.net who wrote (3843)	5/22/2001 12:03:32 PM
From: jim black	Respond to of 74559

Ruminating over the market puzzle of late I stood by yesterday, doing my little part in supporting my farrier (horse shoes), simply holding the rein as he replaced a thrown shoe from one of my prize Friesian mares. He decorates his truck with a "Charleton Heston is My President" bumper sticker, admits he and his wife he tells me, bemoan being in mutual funds this last year and a half, we avoid political discussions, and he talks quietly of what he sees coming. He admits he is no college graduate, knows nothing about economics, and resents that he must even in retirement budget at least 20k to such things as insurance, property taxes, medications and other necessary expenses before he can even think about buying something to eat. He warns me that there will be an increase in shoeing fees when gas gets up to $3/gallon...musing along the way he is glad they raise their chickens, since eggs will go up because of the price of electricity to keep them cool in the summer is way up. He adds his note to my own that hay is going up already because fuel to run the tractors is going up. The price of beef and other staples are already up...my 85 year old mom in TX who goes to the store for groceries everyday, her recreation, adds that everything in produce (from CA of course) has been going up and and expecting it to not get cheaper. My farrier also complains that he, like I, received notice of a 13.7% rate increase retroactive to April 15, 2001 for electricity. We get our electricity from the grid north of us in Oregon and Washington, being only 40 miles south of the Oregon border. But I breathe easier this morning, knowing in my heart that inflation is dead, and O'neill , George the Second's brilliant Treasury Secretary has deemed the US economy back to normal this very morning, gold is going back down, prices will be coming back down, and I can go to sleep tonight knowing GE stock really is a good investment at 35 times earning and all those Dow stocks paying less than short-term treasuries really are screaming buys. We really do worry on this thread about the sky falling. That font of diversity and socially conscious bastion of American idealism, the Republican Party is back in control, those wicked Democrats are vanquished, Allan Greenspam is at the throttle, we will never hear of runaway inflation again, and Bush the Second has his finger on the pulse of the Mideast and Venezuela where our oil lives...We are gonna be okay...We should all buy Cisco and take another mortgage out on our houses to buy more stock, the bull being just around the corner cheers and beers, jim black