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.

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

To: jim black who wrote (5924)	7/18/2001 1:00:18 AM
From: Maurice Winn	Respond to of 74559

Hang on a minute Jim, Phillip Morris hired that consultancy company to look into the effects of smoking. One of the effects is that people die younger. Quite a lot younger. That does save the taxpayer a bunch of money because they pay fewer pensions [especially since smokers are by and large lower socioeconomic and a greater burden on the taxpayer]. There was no suggestion that therefore smoking is a good thing. It was simply pointing out one of the overall effects of smoking. I personally know somebody who stopped collecting the pension over a decade ago due to lung cancer and that was definitely not a good thing, but it was true. My guess, judging from the person's health, is that they would have gone on for a decade. I too am calling a bottom [if that will help]. I am still calling for a Dow of 16,000 by February [calling a little more quietly than previously]. However, I am assuming [in the interests of protecting capital] that it is NOT the bottom, so I am NOT increasing my debt levels. One can't be too sure about calling bottoms when one is using a spot or two of debt to fund share purchases. Mqurice