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

To: TobagoJack who wrote (6277)	7/25/2001 10:47:04 PM
From: LTK007	Read Replies (2) \| Respond to of 74559

JChen,i posted this in response on another thread---but i feel it belongs here.Max--as follows>>> and there is also quite an area where no one knows anything in a market that is now just becoming a comedy to me. a lot of yakety yak over a system that is inherently based on making wealth available where there is no wealth,just paper money shuffling in a battle to see who gets the most paper. Basically i now have concluded the evaluation premises of the global economic is a fundamental sham founded on a lie. A bubble exploded on preposterous conception on pricing based on truly looney asylum belief in a "new economy". And now the market has slipped to levels that are perceived as oversold blah, or overbought blah,but nonetheless is just STILL a fantasy blimp floating over the abyss of true economic reality. In otherwords,i am very glad i am not 50 and trying to make my nest egg right now. the movie "Field of Dreams" carried the mantra "build it and they will come" So during the bubble,they built like mad,in a race of greed to have a part of this great revolution.Over built over greeded over indulged. I am an honest man,right or wrong,i say what i feel, and i will say it now,Greenspan's gamble will be a terrible failure,and end as catastrophic car crash. The notion of demanding the consumers to spend into even deeper debt to save the economy,is treacherous, and has the earmarks of a soviet collectivist 5-year plan where the populace are supposed to sacrifice themselves for the Mass Machine. I will not be a part of that sacrifice which fundamental purpose is just to keep the establishment in power. Max p.s.CEO Roth of Nortel exercised options that yielded him 100 million in profits on Nortel stock,he did it last year at the heights.Guess what,he is retiring!. Come on everybody buy buy those stocks so you can make the next management rich for life.It's a suckers game.