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

To: Box-By-The-Riviera™ who wrote (11303)	11/24/2001 11:16:58 PM
From: LLCF	Respond to of 74559

Well, I say 'bust'... but according to this trees grow to the sky, and even higher if their genes have been sequenced: kurzweilai.net Courtesy of Maurice. DAK

To: Box-By-The-Riviera™ who wrote (11303)	11/24/2001 11:25:36 PM
From: TobagoJack	Respond to of 74559

Hi Joel, <<what's the topic here now... the coming boom, bust or recovery?????>> I will go along with DAK on bust. As far as I am concerned, we are still playing out the script where a bunch of folks will become poorer because they are bullish and long, leveraged or not, and a bunch of others will become poorer because they are bearish, short and leveraged, all to enrich the few who are bearish, but are not leverage (short or not). The saw toothed decline will turn perfectly believing disciples of the FED and Wall Street into gradual but eventual converts of the Japanese school, with a small variation, and that simply is a sharper and shorter (relative to 12 years) decline, given that there is less savings to encourage J6P to hope against fated destiny, holding tight to diminishing equity, irrationally. I believe the US will come out the mess faster than Japan, with less long-term psychological damage, but the pain will be sharper, and many folks retirement plans will have to be downward adjusted – expectation wise. On the flip and happy side, maybe, perhaps, a general decline in asset value will enable the maintenance of retirement expectation even in face of decline in asset and equity holdings. Do not know, but simply an assessment of possibilities in light of all the record-breaking announcements to be followed by, as human history again and yet again play out, still more record-breaking announcements. Records are meant to be broken on both sides of the whatever … oh, you know, good and bad, happy and sad, optimistic and pessimistic, up and down, high and low. On the state of health of this airport lounge thread, I am sure the minute the skillet hits the fire, I will be shouted down again:0) Chugs, Jay