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

To: westpacific who wrote (6348)	7/28/2001 3:04:01 PM
From: Ilaine	Read Replies (2) \| Respond to of 74559

I am in the process of switching my retirement accounts out of Fidelity because their so-called Treasury account also invests in junk bonds. My bank, for one, will let me buy real US-backed paper, although I may wind up at Vanguard. I am investigating whether I can roll over from a Keogh to another type, maybe 401(K), maybe SEP, that will allow me to buy a little bit of physical gold. Some do, Keoghs don't. The Fidelity representative acted all hurt and offended when I asked him to send me the forms. "Haven't we been treating you well? Don't we have everything you need?" He was silent for a moment when I explained my concern. The investment rep at the bank was very very nonplussed that all I wanted was treasuries. I explained that it wasn't forever, maybe just until the end of the year. I am sure that when I meet with him on Friday he'll try to talk me into something that pays a higher interest rate.

To: westpacific who wrote (6348)	7/28/2001 3:08:28 PM
From: smolejv@gmx.net	Respond to of 74559

Huh? either "I remain convinced we shall see that between April to July of 2002 (twothou and 2)" or "I remain convinced we have seen that between April to July of 2001." I assume you meant the first alternative - right west?

To: westpacific who wrote (6348)	7/28/2001 9:06:31 PM
From: westpacific	Respond to of 74559

The Bubble is Global: Reading London Times on the beach today, love that weekend edition. First, business sentiment is dropping fast in France. Second, the current average PE for FTSE is 21, it dropped to its lowest point since October 1998 this week. -Average PE for FTSE from 1965 to present is 13.5, which would equal a valuation of 3,645. -Average dividend yield 4.52%, which would equal a valuation of 2,945. -These were just averages, if you were to work out the lows in the 1965 to 2001 period, based on say 1973/bear market ratings, it would put you off your breakfast. -The FTSE closed on Friday at 5403. Another fact that cannot be ignored - and that is the bubble is a global issue. All the best, West

To: westpacific who wrote (6348)	7/29/2001 4:17:16 AM
From: TobagoJack	Read Replies (2) \| Respond to of 74559

Hi westpacific, Given the general level of comfortable Greenspin complacency, I can easily imagine a sharp down-draft triggered by a <<sudden realization that the economy isn't getting any better and that indeed it is worsening>>, but I have to really stretch my imagination to think that the market can avoid being a <<classic oversold market>> in the event of such a sudden down-draft. I suppose, one way the market can sidestep ‘classical oversold’ is for the trading process to be shut down by Executive Order, or by ‘avoidable’ overload of the trading process. I believe, in the event of such a 'classically oversold market down-draft', <<market is going to look very "scary">> will henceforth taken on a whole different meaning. I would like to think this thread, of all SI threads, would be ready for the silence inducing mental shock and the simultaneous cacophony of simple primeval screaming that such a down-draft would entail; however, I know, in my own case, I have not even begin to imagine the worst that a scream can be. When the bulls dismiss a sharp down-draft by following the same thought with "and when recovery takes place" they have left out a big huge chunk of the interim darkness and chaos, as in the Fall of Rome and the subsequent rise of Feudal Europe all took place in the span of a Barbara Walters interview. They should instead think in terms of "General Hospital" or "As the World Turns". This is why the risk reward ratio is not in the bulls' favor. I do note that there is an upside to all the likely screaming. This thread will gain a lot of exposure. Hey, the world is going to the basket, but we will be famous;0) Feel the market. Trust the force. Trust the power of insanity. Ok, time for my Coke break. 12 cans per year, and thus really precious to me, to be preceded by teeth brushing, so as to better appreciate the pure essence of the magical elixir in a bright red can. Chugs, Jay