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Strategies & Market Trends : Group Therapy -- Ignore unavailable to you. Want to Upgrade?

To: country boy who wrote (3555)	9/9/2001 4:57:36 PM
From: E. Graphs	Read Replies (1) \| Respond to of 4564

Hi Country Boy, That's sad news. I'm sure you've had a difficult summer. As for the market, we agree. I doubt a miraculous recovery, and, after a possible bounce, I think the markets are going to move lower than anyone would want to imagine. The rush to fill Nasdaq's gap reveals the mutual fund industry's impatience to get it all over with and keep their jobs. Commanding 80% of every dollar in the market gives them the power to move it, imho, but inflows have reversed to outflows, and my guess is that they would hastily try to create a reversal to stop the outflow, but they have entered this season low on cash. Increasing outflows are potentially devastating to the entire mutual fund bubble and the market that these funds are invested in.......which is just about everything except gold and gold mining. I remember back in the nineties the biggest fear on Wall Street was the potential for massive mutual fund withdrawals and thereby a somewhat permanent market collapse. What amazes me is that we are potentially at that point now, yet, hardly a word is being uttered about it. As for trading tech stocks here, I'm not sure I want to dance in the flames, but, from my casual observation TECD has been hot. My best investment so far this year has been to purchase physical gold a couple of times at 255, and then again at 260/265. I paid $5 over spot through tulving.com and also picked some up from a local dealer who was very much down in the dumps at the time. Now I'm looking at silver. If we see signs that the economy will recover I may buy copper stocks, but I think Russia and China have the most potential for the best ground-up future growth, while USA seems to be nothing more than an island of nearly broke consumers, suffering under a massive debt burden on one hand, and contemplating a war with inflation potentially surfacing on the other. What are you looking at here? E