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Strategies & Market Trends : Range Bound & Undervalued Quality Stocks -- Ignore unavailable to you. Want to Upgrade?

To: John Curtis who wrote (4735)	8/29/2001 9:29:08 PM
From: BWAC	Read Replies (4) \| Respond to of 5499

I hear ya John. Patience. One troubling difference I see now with the rampant downside momentum speculation is the market dragging the economy into the gutter. Taking the investment thesis and money with it. Capital is not being invested. Fewer jobs are being created. Savings are going up in smoke. Investors can't get a fair price when they try to sell for the speculators selling borrowed shares in front of them. All are conditions which deter investment and the creation of jobs. Now that is fine for some people. But it is not good for our country and the vast population of workers. The people who can ill afford to lose jobs are losing them. In heavy manufacturing counties in NC the unemployment rate is either over 10% right now or approaching 10%. One county bordering Charlotte, NC has 12%. That is a lot of damn people. A lot of consumers. Something has to give soon, or I am sure that we will witness the world's biggest economic blowup ever. And that is scary depressing. Because it will eat us all alive unless we have very substantial assets already. Even those people won't escape with anywhere near the wealth they once had since a good bit of it is attached at the hip to the consumer in some fashion. When the middle-class consumer cracks, the country cracks. Small businesses will go under, houses will be lost, GE won't be selling crap to nobody, banks are going to fall prey to material amounts of very bad loans, the governments tax revenue will dry up, the social security fund will go poof, tourism will bust, on and on, and Shrub will not be President anymore. (BTW I knew this very shit would happen if he won) But this is the exact course Shrub, Greenspan, the Analysts, the Brokerage Houses, the cowering under a rock Business Leaders, and the short selling Speculators are setting. I hope they know when to stop. I'm beginning to think they don't know this time. And it won't take much more before this whole mess implodes from the fear and greed, taking almost everyone down with it. From the high and mighty GE and its CNBS anchors, to WMT, to CAT, to UAL, to BAC, to XOM, to GM, to CSCO, to INTC, to HD, to MSFT, to wiping Margin Bernie and WCOM off the map, to 50% of the Mutual Fund Managers playing around with Other Peoples Money. They/We are all going to lose unless they instill some confidence and stability into the rapidly growing fear and declining economic environment. (BTW: Anybody need a business writer?)