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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: LLCF who wrote (11086)	11/18/2001 2:44:55 AM
From: TobagoJack	Respond to of 74559

Hi DAK, we worried about nothing. The sky has not collapsed. The bearded ones have vanished to heaven, hell and caves. The indices are fine, not towards Maurice’s 16000 but nicely above our worst fears. CDMAs are progressing strongly across the landscape, and a GSM tri-band phone (world less Japan/Korea) is free with 18 months cellular service subscription. We worried about nothing at all. We have even less to worry about now given the news on NEM, because this is now effectively happening, and the day of reckoning nears … Message 16025306 … the killer pigs, are as you say … << too uncertain to contemplate, so we don't... enjoying life to the fullest and let what may come.... come>>. <<As to the market, all unfolding as expected …>> What is not so expected by the bulls is that … (a) manufacturing economy is deflating, (b) service economy is inflating, (c) the only recently announced recession has, over a few weekends, resulted in the “Slowdown in US is longest since 1930s depression” news.ft.com (d) the stock market is still highly valued, (e) along with the housing market, (f) while the interest rate is ostensibly leveling off, and eventual increase is already “highly visible”, (g) the baby boom retirement is still nearing, (h) the war is ‘over’ and now the messy part begins, unless US abandons once again its promise to stay engaged. Too many Porsche and Mercedes driving folks are running scared to make me a willing soldier on the front lines of paper asset inflation. It is difficult to be enthusiastic about foraging in the bullpen located in center of the the tsunami-prone village … I hear killer pigs coming. Chugs, Jay