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To: QwikSand who wrote (45371)	9/19/2001 12:40:03 PM
From: Steve Lee	Respond to of 64865

"I can't see a reason in the GALAXY to have money in the stock market right now. I sure would like to hear some." How about do a scan for stocks with a PE > 100 and short them. There's plenty out there. Put 10% of your buying power (not including margin) into the 10 with the biggest market caps and then go and relax till we hit bottom. You will no when we hit bottom because it will be, IMO, a financial disaster. None of this "it must go up cos it's gone down so much" BS. Look at valuations. It will go up when it has crashed. That's how it has always worked. I have done some work on calculating the PE of the NDX 100 recently. Weekend before last it came out to just over 50. The few percent it has fallen since then is the tip of the iceberg. All in my opinion of course.

To: QwikSand who wrote (45371)	9/19/2001 12:49:15 PM
From: Prognosticator	Read Replies (1) \| Respond to of 64865

Cash is king, except when inflation kicks up. You describe a scenario for rampant inflation. But right now I agree with you, we're in the Mad Hatter's TeaRoom, and the Centipede is the only happy one, and only because he's smoking something good. Money management has turned into panic, and when everybody is panicking, it's hard not to join in. I have started to sell my remaining stocks with any resemblance to a gain today, and at least I don't feel so exposed. The other shit will go thereafter. This truly sucks. Steve, Ken: good luck, you called it right, you saw the doom coming from way off (yea, right). Buddy, can you spare a dime? (i.e. please go away now, and enjoy your cash before it inflates on you). P. (Edit: It's been good debating with you all, but personally I've had enough and will be joining JC in the bit-bucket).

To: QwikSand who wrote (45371)	9/19/2001 1:42:00 PM
From: Charles Tutt	Read Replies (2) \| Respond to of 64865

In other words, "We've fallen and we can't get up." <g> Maybe we need one of those little buttons. I'm waiting for Greenspan's "Irrational Gloom" speech. Clearly prospects, particularly in the short term, have deteriorated. But there's a lot of pessimism already in the market, too, and a lot of cash on the sidelines. JMHO. Charles Tutt (TM)

To: QwikSand who wrote (45371)	9/19/2001 2:34:51 PM
From: JDN	Respond to of 64865

Dear QS: Cheer up, now maybe the Army will accept you!! I personally have more faith in the USA. I dont think our civil liberties will be trodden. So far everything I have heard John Ashcroft suggest makes common sense to me and sure doesnt make me feel like I have given anything up. America will be as strong as its people want it to be. From where I sit, we are growing STRONGER where it counts, RESOLVE and UNITY. JDN

To: QwikSand who wrote (45371)	9/19/2001 6:27:09 PM
From: cheryl williamson	Read Replies (2) \| Respond to of 64865

The reluctance of the public to travel and gather in public places may just be the spur to the horse that the internet needs. We're just beginning to solve many of the security problems associated w/internet business xactions. Look for massive investment in optical fiber cabling and high-speed video conferencing equipment. Need to go Xmas shopping but scared of the mall now?? Buy on-line. That will be a boon to on-line retailing and the internet infrastructure suppliers. People may vacation closer to home, but still spend the bucks. Down in the valley there are lots of jobs opening up for embedded systems engineers. Mainly for security-based companies, both software & hardware. I agree that there will be a lot of uncertainty for a while. Bad for the equity markets for sure. But a depression???? Hmm... I'm not convinced of that prospect as yet.