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Pastimes : G&K Investing for Curmudgeons -- Ignore unavailable to you. Want to Upgrade?

To: Uncle Frank who wrote (16569)	9/10/2001 1:00:16 AM
From: tekboy	Read Replies (1) \| Respond to of 22706

from the highlight thread...we're about at the bottom of the list, no? so doesn't that mean it's time to go back up? Message 16320057 ctb/A@&%$@)!.pov

To: Uncle Frank who wrote (16569)	9/10/2001 7:19:31 AM
From: unclewest	Read Replies (3) \| Respond to of 22706

Any ideas other than Gore? UF, perhaps that is the the problem...there were but two choices. i am still amazed that the nasdaq dropped 2,800 points while clinton/gore were in office and so few seem willing to give them credit for their failed economic policies...including imo the clinton/gore reappointment of AG to another 8 year term. yet these same folks are so willing to give full credit for the economic problems to a team that has only been in place for a few months. we need solutions and we need some federal intervention. so far on the W watch we have... 7 interest rate cuts and a tax cut...those are awesome economic stimuli. we saw none of that from clinton/gore. the recessionary overbuild of inventories causing the current glut all happened during the clinton/gore regime. what did they do about heading off this problem...where was the visionary leadership from them? i do not think it is even close to realistic to blame W for a personal investing strategy that never takes profits when every other business endeavor in the world is supposed to be profit based. i had a little thread discussion with MB a coupla years ago...we agreed at the time that valuations do matter. that they are important considerations. that is very clear when valuations are very low...because buying high creates pain. it is less clear to some when valuations are high because of euphoria and unrealistic expectations. many Americans were figuring on 100-500% gains for another year or two to cement their early retirement. the crash has dashed the dream. i think it needs to be clearly understood that if we are not going to accept responsibility for our own inept trading style...if we are looking for a scapegoat to blame it all on, then we should look at who was in charge when the problem surfaced...look at who's actions or inactions got us to this point. the W administration is new but they have given us some big pills of corrective action...our economy is a huge ship...it cannot do a 180 overnight. the million dollar question is whether or not the pills are enough cure. only time will answer that...but damn it, at least something is being done...we got nothing in the way of economic stimulus from clinton/gore. we do not need a leader right now with big panache and style. we do not need an untrustworthy leader with a record of untruthful statements and a personal morality level of near zero. our 2 biggest problems are business and family based. the clinton/gore team had little experience (or was it too much experience?) with both and it showed in inaction. America is beginning to hurt...the days of winking and smiling at a leader's affairs, of accepting immorality and dishonesty as status quo in our politics seem to be coming to an end. a rebound to the other extreme may be in the cards. it is overdue, but will be a necessary part of regaining trust all across the board including the markets imo. leaders make 2 kinds of mistakes...sins of commission and sins of omission. the first happens when something should be done, is done, but is the wrong action. omission happens when something should be done, no decision is made and nothing is done. we need leaders who are not afraid to commit to a solution...who have the balls to take action and then, if necessary tweak that action as the ship moves forward. leaders who take no action during times when decisive action is called for are not leaders at all...they are scabs. the clinton/gore regime committed sins of omission daily... from failing to respond to requests for fire support from our troops in mogadishu to failing to create economic stimulus when it became clear that the economy was sinking during their last year. i saw daschle on tv yesterday...he stated that he had no suggestions for an economic solution. that unwillingness to take a stand, unwillingness to analyze a difficult problem and suggest a solution marks him as another inept leader imo. it is another sin of omission. how can anyone be considered a national leader when they take no action and have no suggestions or guidance on how to resolve national problems. W's team has and is taking decisive action...we have decisions being made, problems being addressed and action being taken, followed by more action. isn't it a bit too soon to measure the results? i see W being slammed for the actions of his adult children...if that is appropriate, i would have been beheaded by now. i see him being slammed for his speech mannerisms...what has changed? did anyone really vote for W because of the great campaign speeches he gave? if we are to have economic recovery, we need someone with business savvy at the helm. we need an economic team that can take action, evaluate and take more action. we have that...finally. unclewest