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

To: Maurice Winn who wrote (11235)	11/23/2001 3:06:46 AM
From: Raymond Duray	Read Replies (2) \| Respond to of 74559

Hi maurice, Re: How about a bit of sympathy for we elite international capitalist classes. LOL! You're reminding me of that old Rolling Stone's album. You know the one...... Sympathy For The Devil. <g> I ought to be more inclined, I reckon, since I too advance on the wings of a market inflation. I'd simply prefer the cause to be underlying economic reality and not the seigniorage of a Wizard of Oz, or the unsustainable euphoria of a bubble. Just a steady percentage, that's all I'm askin'. But on a slightly more serious note, I'm inclined to see the willingness of Greenspan to use the full faith and credit of the American public to kite an overvalued stock market as a bit unseemly. I'm thinking from a strictly selfish point of view, I'm ready to load up as soon as I see some value in the equity market. With the cash injections we get to the banking system, my bargains never come around. You are right about there being a problem with P/Es, even at today's levels. The market is still not reflecting economic realities, IMVHO. Not that it hasn't been going on forever.... Cheerio, Ray

To: Maurice Winn who wrote (11235)	11/23/2001 8:12:10 PM
From: LLCF	Respond to of 74559

<He can print and dilute flat out because there are productivity gains aplenty and a deflationary environment, with oil prices falling and economic problems meaning lower prices all over the place. > It 'seems' to make sense... sadly we won't know for a while yet. Don't count your chickens........ <Because the post Y2K Bubbleonian hangover has been going for 18 months now, there has been a LOT of tidying up in the market. Margin calls have been made. Debts repaid. Re-employment of dot.com employees is proceeding apace [at more reasonable pay rates]. There was no precipitous collapse which would have been unmanageable if it had happened in a big hurry. We can thank Uncle Al for that. > Again... time will tell how well it works. <Hang on a minute. We, the elite capitalist class, are not fleecing the taxpayers of the USA. We are fleecing the holders of US$ who are being diluted flat out by my idol Uncle Green$pan. > And widows and orphans on fixed incomes :) DAK

To: Maurice Winn who wrote (11235)	11/23/2001 11:17:18 PM
From: NOW	Respond to of 74559

it all sounds so nice when you say it like that: if only that was how it worked ,we would all be retired already....