To: SliderOnTheBlack who wrote (5271 ) 12/13/2001 8:49:54 AM From: SliderOnTheBlack Read Replies (1) | Respond to of 36161 How much Green Ink & Toilet Paper do Greenpimp & the ESF/PPT have left ? Enough to handle: - post Sept 11th - market prop job - Argentine default - Enron derivatives collapse - War on Terrorism financing and to come: - Israel lighting up Palestine & bye-bye Arafat ? - Major Japanese Banking Crisis ? - Repatriation of Foreign Investment that is presently propping up both the US Bond & Equity Markets ? - the maintenance of King Dollar into the face of the resulting decimation of the US Manufacturing Industry & collapse of earnings of US Corporations ? - another domestic terrorist act ? - a biologic one, a dirty nuke ? Unemployment, credit deliquencies, defaults, foreclosures & bankruptices ramp and we've got an unprecented negative savings rate with a US Consumer that's just drained the last drop of equity out of his home via the Refi-Boom atop a Real Estate Bubble... that is allready tapped out, debt burdened & not saving - thats now getting laid off in 5,000 man waves... so how much longer can "he" be counted on to spend ? - and let's remember what % of GDP is CONSUMER SPENDING. ...wonder if those AMEX, AMAT, or AETNA employee's are going to be spending more, or less...? That Mr & Mrs Main St remain fully invested via 401K's, IRA's & various retirment plans in the Mutual Fund Complex in "this" environment... and at these valuation levels; simply amazes me. Stocks are overowned and overvalued. Unprecedented reckless creations of credit & Stock Market bubbles do NOT end, or bottom at still unprecedented valuation multiples. No one is focusing on earnings (and earnings quality), or dividends;let alone historic valuation mutliple parameters & market history. But before this is over... they will & for decades to come. Fear & Respect are absent from this marketplace, but not for long... The "cure" is coming... You were warned... are you prepared ?