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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: LTK007 who wrote (7509)	9/6/2001 7:59:02 PM
From: Think4Yourself	Read Replies (1) \| Respond to of 23153

Why would you think the consumers would suddenly wake up and become fiscally responsible after a lifetime of recklessness? Interesting that Jack Welch would say he does not see signs of a recovery. Sounds like GE is losing market share to competitors. edit: Dang, it looks like shorts are coming out of the woodwork this afternoon. Capitulation coming soon? Should be interesting the next few weeks.

To: LTK007 who wrote (7509)	9/6/2001 10:58:14 PM
From: MetalTrader	Read Replies (1) \| Respond to of 23153

today was an interesting day. It reminded me of a time long ago I was actually able to control a market. We were sitting around the conference table discussing which way the price of a particular commodity was going to go. Suddenly it dawned on us that it would go which ever way we wanted it to. Today felt like big money acting with conviction and certainty of running over the market. A market on the ropes and unable to hold it's gloves up. The net negative cash flow of funds might hold part of the answer. Cash levels are low and redemptions coming in hot and heavy. Unlike a money manager, a open end fund manager has no choice. He HAS to sell to raise cash regardless of the price, valuation or phase of the moon. (It HAS been nice this week hasn't it?) If you look at the % drop of the Nasdaq compared to the NDX it would seem to indicate heaviest selling in the big names. The ones that have to be liquidated to make those calls for cash. I think a prudent investor just has to stand aside and let the truck roll through. As far as the return of technology, I'd like to see a moving average or two passed before wandering back in. I admit to owning some ADCT somewhere that got forgotten in the shuffle. I've decided to continue ignoring it for a couple years. Now that was a good example of fundamental analysis gone astray. Had a good looking balance sheet until I saw the 10-Q and what the assets were. Re-taught me to always look behind the curtain. The day I saw it, I was apoplectic with the analyst I was following. Never once in his reports was mention made of the poor quality of the assets on the balance sheet. Pure goodwill and stock in companies that have followed a fate of some of the worst. Eventually the goodwill was written off and the stock holdings have written themselves off. In fundamental analysis all the answers are there, but it's easy to miss one. mt