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Technology Stocks : INTEL TRADER -- Ignore unavailable to you. Want to Upgrade?


To: MonsieurGonzo who wrote (10414)9/20/2001 2:18:41 PM
From: Berney  Read Replies (1) | Respond to of 11051
 
MG, You mean we are not in Kansas any more?

Sorry for the attempt at futile humor, but it's the only way I can deal with it.

At the end of the charade on capital hill today, one of the senators indicated that he had received an e-mail from UTX indicating that they had been notified by their insurance carrier on their leased planes that the insurance was being terminated. Further, they indicated that they would have no choice other than to advise the airlines to whom these planes were leased to put them on the ground.

The collateral damage just keeps adding up.

I was talking with TM a couple of days ago and indicated that the B&H types that had $500K in their retirement plan at 12/31/99 invested in FMAGX, now only have about $350K. This decline could yield the end of a lot of dreams. Yes, I believe in our country and in our Markets, but it is going to take a 50% increase just for them to get back to where they were. No doubt the reason that they are rolling out Peter Lynch at 5:00 this afternoon for a town meeting.

As to your good fortune to have been in cash, I'll note that great line in Jeremiah Johnson where the old mountain man says to Redford: Pilgrim, you've done well to keep your scalp.

Just a View from the Swamp

TB



To: MonsieurGonzo who wrote (10414)9/20/2001 3:47:47 PM
From: Trading Machine  Read Replies (1) | Respond to of 11051
 
MG, I Don't AGREE!!! just because I don't wannna....

I know you are probably right, but I don't want you to be right! So therefore I don't want to believe you're right, and therefore I'm going to ignore you. Your news and point of view are not fun, I can't make me money, it don't sound good, But, But I know you are probably right.

Everytime I come to this point in the thinking process I either go get another glass of wine or turn on CNBC - they've got good news - there's a sharp rally right around the corner, in fact right now Phil Roth from MWD is saying "there is a sharp rally right around the corner." But keep your powder dry! He says go buy ORCL! He can't see the screen right beside him where the DOW is down 321 (edit:
-378)! hmmmmmm rally?

Berney started me on the "conservation of capitol" trail more than two years ago. In fact his philosophy, and mine now, say we can make good money just by avoiding the big drops.

But one thing you said or implied is that the money market funds may, may, not be the ultimate safety device. So what else can I do? I can go look inside the Fidelity family and see if they have bond funds? Ideas and non-binding comments would be appreciated.!. ngng (What about winter-time cat herding????) gggg C'mon, Steve smile a little!!!! Might as well!

I know these are hollow words but good luck anyway!

Remember 9/11/01

Paul K.