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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?


To: Venkie who wrote (43805)11/2/2001 10:09:22 AM
From: KHS  Respond to of 65232
 
I hear Greenspan has a big smile on his face right now. @ 4% unemployment, things were just terrible. Now @ 5 1/2%, it is just right.

I will go to my grave knowing how much he hurt our country.



To: Venkie who wrote (43805)11/2/2001 10:50:04 AM
From: Jim Willie CB  Read Replies (1) | Respond to of 65232
 
Venk, do what you gotta do
positives in personal life, in people banding together
try to separate investing forecasts from hometime optimism

plenty of investors were putting a positive face on this spring
then even before NYCity attacks, in August things fell apart
the reality promised in spring had not materialized

you cant alter the reality in the world economy by willing it, by spinning it, or by ignoring it
we in the USA are a long way from Asia
the entire continent is in turmoil economically
Japan is in a financial death spiral
they hold about 20-30% of US Treasury debt
massive sales on their part could bring higher US rates
their govt has discontinued bailouts, kaput

South America is on the verge of serious defaults
the consequences will extend to Brazil and Mexico

Europe is slowing, altho not declining with any big momentum
but if you find 6-10% unemployment ok, then fine
their interest rates are almost twice what they should be
as long as rates stay high, dont expect econ recovery

you are free to find the best out there among stocks
we will get thru this tough period for sure as a nation
but the stock market has become an even more dangerous place

two critical facts have me alarmed and concerned now:
1. despite lower share prices, valuations are higher than a year ago, when compared against current and nearterm future earnings

2. despite slower sales and lower inventories, the inventory/sales ratio is still as high as a year ago


if you believe all these change from cheaper rates and some tax refunds, combined with a stimulus package worth less than $500 per adult citizen, then you are free to go bullish
the above two facts mean trouble going forward
reduced profits continue to sap capital budgets

what was your view in July ???
how are conditions better now ???
/ jim



To: Venkie who wrote (43805)11/2/2001 1:37:45 PM
From: horsegirl48  Read Replies (3) | Respond to of 65232
 
Positive things, the sun is still shining, the moon still glows at night, the stars still twinkle bright, we r here as witnesses for our time, as the others before us witnessed their time.Things r no worse and things r no better, be thankful that you have been placed here to experience it. Be thankful for cats, be thankful for dogs, be thankful for when you pick up the phone you have a friend to talk to, be thankful for every breath you take and ever walk you r able to go on.Be thankful for the sights of vision that you can enjoy, a bird flying high, a tree in your backyard, a smile on your childs face a frown that goes away. Be thankful for you yesterdays, be thankful for today, and most of all be thankful that you r one of the lucky ones that will be around another day.



To: Venkie who wrote (43805)11/2/2001 4:22:42 PM
From: BirdDog  Read Replies (1) | Respond to of 65232
 
You seem as though you have a negative force in your life..

Hemorrhoids...

BirdDog