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 : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: isopatch who wrote (817)	8/29/2001 12:45:58 AM
From: rails99	Read Replies (1) \| Respond to of 36161

Agree on Jesse. May be he will subrogate the power of his influence to a more acceptable individual. If he would play his cards right, he could possibly lock up a nice diplomatic position. Here's hoping that GS sold out of NEM and GG completely today. Also wish they short the hell out of the entire PM sector. Did you hear the report earlier today on CNBC? Quoting somebody from GS, as to why the gold sector stock prices were lower and falling, I didnot bother to listen to the explanation. Rails

To: isopatch who wrote (817)	8/29/2001 6:34:44 AM
From: Crimson Ghost	Read Replies (1) \| Respond to of 36161

Interesting that the market plunged yesterday in response to a drop in consumer confidence. Consumer confidence still is WAY ABOVE the troughs reached in prior recessions. From the CONTRARY INVESTOR "As it should be, market participants are on edge regarding any glimpse into the consumer psyche of the moment given that the consumer is the support mechanism to the current economy. The consumer confidence number being a possible precursor to employment trends, retail sales, etc. So what if the consumer confidence number had been an up reading today? Well, as you can see from the historical chart above that truncates in 1997, the current perception of a "low" reading is simply relative to the past few years. According to the history of this reading, we are much closer to the highs of the last thirty years than the lows. An up reading would have been no panacea regarding the future by any means. As you can see in looking back, at least a 60 reading was recorded in all of the last four recessions in this country. Bar none. Even in the 1970 downturn when consumer confidence started at the 140 type level, only again seen in 2000, the drop was to the mid 70's as the darker psychological interlude ran its course. And investors are worried about a drop to 114.3? Apparently investors of today don't quite have a grasp on what worry may become. At least not yet."