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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: John Pitera who wrote (4356)	8/10/2001 2:19:12 AM
From: Raymond Duray	Read Replies (1) \| Respond to of 33421

Hi John, Non-trending? Like as if we're in a tidal basin. The only problem is the turds won't flush. Crisco, er, Cisco reported 99% less profit YoY. Market's response? A 75% haircut. Rational? Hardly..... And that is the cream of the cropier's crop, ferchissakes. I'm scouting distressed paper. Friend of mine made a killing in distressed RR paper in the late '50's. That's the game I see today. Too many patzers still believing the unbelievable and the unreal about the telecosmic future and keeping equities at absurd levels. Even here. OTOH, I'm resisting Stigum. Intimidated even. Took her to a beach on the Deschutes Rio and opted to read about an 1884 climb of Half Dome in Yosemite instead. Seemed a sensible choice under the broiling sun.... JM2C, R.