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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: RR who wrote (38664)	7/7/2001 2:46:04 PM
From: limtex	Read Replies (2) \| Respond to of 65232

RR - Like many of us I'm just a techie. Don't understand the short side. Yes a sprinkling of puts maybe but the whole idea of being short goes against the grain. I am QCOM fan and have been for quite a time. I thought SNDK was great too and WCII (RIP) but in a situation like this with the world economy lurching from bad to worse on an almost quarterly basis who knows. I once posted a comment that one sometimes has a nightmare that you are in the middle of a 1929 mess all over again and then you wake up with the amazing relief that it was just a bad dream. This time the bad dream was for real. We are actually living through the worst nightmare. This weekend we've suddenly got Argentina, Brazil and Turkey on the sovreign debt worry list never mind what is likely to go wrong in Asia over the next qtr. As for Republicans or Democrats as it happens I don't think that it would have made any difference except to history. What made a very big difference was and is Mr G and his wise men at the Fed who were busily fighting inflation for all they were worth in the middle of the biggest economic slowdown in history. These amazingly bright and very tough inflation fighters have between them got it slightly worng this time. In fact so slightly that they have blown up the entire world economy with their irrational obssession with NAZ stock prices last year and the year before and non-existant inflation. I saw a comment by the Secretary of the Treasury on his way to a G7 meeting that he was apparently "very optimistic" about the prospects for the US economy. So am I especially for my great grandchildren who may be born some time maybe next sixty years from now by which time we may (I say may) have reached a bottom. Best regards, L