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

To: TobagoJack who wrote (6669)	8/4/2001 6:53:06 PM
From: westpacific	Read Replies (2) \| Respond to of 74559

Latest Forward PEs for indexes: The week ended with the Dow selling at 25.90 times earnings and yielding 1.70%. The S&P was selling at 26.7 times earnings while yielding 1.30%. The S&P 400 Industrial was selling at 28.9 times earnings while yielding 1.13%. West

To: TobagoJack who wrote (6669)	8/5/2001 1:48:02 AM
From: jim black	Read Replies (2) \| Respond to of 74559

Actually Jay I find acupuncture quite fascinating, being a student at Southwestern Medical School in Dallas from 1967-1971. No, Kennedy was not on the eighth floor of Parkland, as I was often furtively asked...sorry but Parkland had only seven floors back then. I digress. A classmate of mine, Greg Jenkins, really nice chap who had the good fortune and honor to marry Peggy Fleming (yeah, that ice skater, also a very classy woman of great taste and charm)...again I digress..Greg's father was chairman of Anesthesia Dept in the Nixon years (Vulcan saying that only Nixon could go to China back then) and he was one of a prestigious groundbreaking group of top-notched medical minds...came back quite in a quandary which he shared openly with staff and students. Acupuncture appeared to work, in some cases quite dramatically. He confessed total ignorance of how that might be. A year or two later Melzak and Wall published their seminal work on the "gate theory of pain" in Science, lending some theoretical basis for possible future explanations. Later, running a pain clinic and using TENS (transcutaneous electrical nerve stimulation) successful clinical management of chronic pain we found that stimulaion sites were often best identified with "very old" Chinese acupuncture sites. I remember being nothing short of startled with my first demonstration in a patient I knew well, veracity and integrety beyond question, suffering from a severe tootheache. It is good for pain control but to my knowledge has no "curative" features. Similar observations and conclusions came some years later as I was exposed to first class hypnosis...No, Maurice, I do not buy that it is placebo effect. Now please forgive this way off topic excursion in response to a semi-question posed by our esteemed Jay. You definitely hit a hotspot on "unconventional medicine" with me because I have lived and practiced long enough to be humbled at the mass of what we do not know. For the cognoscenti among us similar huge puzzles await exploration in the implications of the Aspect experiments in quantum mechanics. Pondering these things are sometimes a refreshing break from our angst over the direction of these market moves we are trying collectively to navigate and survive. Apologies to the thread...would never have ventured so far were it not Saturday night and we all eagerly? await the next week's market. For the most part I sit back and lurk in awe at the cogence and depth of the comments on this thread. Good Sunday all. My crutches come off tomorrow so I can be out jumping Friesian horses before French toast breakfast. She did not oblige me with an expensive try at getting her pregnant so now she faces a year of very hard work. Jim Black PS BTW does anyone else subscribe to Weiss' Safemoney report? He has a very convincing case for dangerous times for likes of Boeing, MacDonalds, Exxon, etc, citing 67% revenues of McDonalds from foreign countries, blaming 2 cent charge this last quarter from looses in Turkey alone. Seems more respectable to addend that question as I have ventured so far afield.