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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: ldo79 who wrote (5273)	12/13/2001 9:09:19 AM
From: SliderOnTheBlack	Respond to of 36161

["We're heading for a dump that'll make a believer outta' all."] Ido... I said this weeks ago. "That all we were seeing was a coordinated - Inside Wall St, PPT-ESF led "Student Body Left" market bail out - prop job & simultaneous pump & dump hype by the market mavens & pundits - to draw Ma & Pa Kettle back into the market and once they were in - "Wall St" would pull the rug out from under them & pull their FREE MONEY (thanks to Greenpimp) "prop job" profits right back out of the market - leaving "us" (the public) holding the bag..." Starting with Robt Rubin - Wall Street has used Greenspan like a cheap whore... they've literally used & abused him & demanded that he "swallow" on command as well... it's pathetic. Next; they'll test him with - "too big to fail" ... tic toc; when, not if... History & reality clearly tell us where we are going... to reasonable, less than Bull Market valuation Multiples - ie: DOW 6-7000 ... and that is with a qualifier, that there is NOT another significant domestic terrorist incident, nor Israel making a parking lot out of Palestinian territories etc... in that case; historic "BEAR MARKET" valuation multiples will arrive & Tice & his DOW 3000 call, will be hailed as the 2nd coming... There is NOTHING fundamentally supporting either this rally, or valuations anywhere near this level... NOTHING. Not earnings Not sales/revenue Not Cap Ex spending Certainly - NOT corporate balance sheets Not employment #'s Not Consumer Spending, or Sentiment Not the US Mfg Industry Not credit quality ...and there is No more peace dividend here, or abroad. NEVER, EVER - has the "risk to reward" ratio in US Equities been so fundamentally negative - NEVER. This is absolutely the most dangerous market environment post WWII - without precedent... and risk is being totally discounted & ignored here... simply amazing. Bill Gross of Pimco has best addressed the potential upside "reward" part of the risk vs reward scenario in his "Born to Lose" piece... re-read it if you haven't lately...