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


To: pezz who wrote (4658)6/10/2001 2:34:04 PM
From: marek_wojna  Read Replies (1) | Respond to of 74559
 
<<We have had many bear markets and several recessions>>

My answer is: We never had baby boomers aging in such numbers. We never had such numbers of gamblers in human history. We never had such sophisticated and complicated financial system where everything is connected. We never had a clicking hydrogen bomb in derivatives (Ask Greenspan and US Congress).

My advice is: Start thinking.



To: pezz who wrote (4658)6/10/2001 3:19:46 PM
From: LLCF  Read Replies (1) | Respond to of 74559
 
<It is incumbent upon those of you that claim collapse to explain what is different this time.>

Nothings different... a few enlightened people will make out like bandits and the sheep get sheared...

DAK



To: pezz who wrote (4658)6/10/2001 11:36:36 PM
From: Stock Farmer  Read Replies (2) | Respond to of 74559
 
Pezz - >>I will repeat what I have said before<<

Repeating your position again is like the stereotypical American in a foreign land: "Where is the bathroom?", repeated louder and louder and louder to incomprehensible responses of incomprehension. Unproductive and annoying. To both parties.

>>At the bottom of every Bear there are those who predict...(prediction) << I generalized. Because isn't the same true at the top of every bull and at all points in between, and irrelevant to whether the prediction is bullish or bearish or coming-of-the-mesiahish?

Which means we could wash away any opinion because it has been incorrectly opined at similar times in the past. Bullish and bearish. Although history will sooner or later allow us to identify one that was correct, this time. Suggests a better approach is required.

Perhaps is incumbent upon all parties in the discussion to review the fundamental underlying issues and draw from them a conclusion.

>>All stock "investing" is gambling to a degree<<

Here we are on common ground, at least to a degree. Or perhaps, only to a degree. Both are similar in that risks and money are at stake, and that the rules favor the house. But only one involves finite and calculable odds based on purely random chance.

>>I don't "invest" I trade. Much easier I think<<

At least you are trying to be honest. Moreso than many who are merely "speculators", or "savers" but claim to be "investors". I suggest however that all of these parties "trade". Do you mean "speculate"? Because that is simultaneously easier, richer in reward potential, and more fraught with danger.

>>Like it or not money is how we keep score<<

Absolutely! Or, with a nod to the few physicists on board, Relatively!

John