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To: hdl who wrote (140157)12/23/2001 3:37:40 PM
From: sun-tzu  Read Replies (2) | Respond to of 436258
 
if bin ladel is killed within the next three months, i will be fading that rally. at that time, i will be giving serious consideration to my preferred, kick 'em in the groin shorting ways.

whether or not the evil one's demise is the seminal event ending this cyclical bull within a secular bear, all depends on it's timing as it relates to the market, economy and psychological gestalt.

ultimately, fundamentals are the market's driving force. wiggles can take days, weeks, months and even years. with an S&P p/e of 39, you really have no footing as a buy and hold investor. peter lynch is wrong, the mutual fund complex lies, and only when people like you realize that buying and holding is riddled with risk, are we beginning to make meaningful progress.

i have said this before...

1929-1949 bear market
1949-1965 bull market
1965-1982 bear market
1982-2000 bull market
2000-???? bear market

you have a p/e of 39 on the S&P. a mean growth line plotted on the DOW dating back to 1920 gives a target of approximately 5000. mean growth does not just go away. there is no new paradigm and regression to the mean ALWAYS occurs in the face of ANY significant technological innovation.

at any rate, i'm sure you would agree that a thorough understanding of market history is mandatory no matter which flag (bull/bear) you wave. most of the posters on this thread are well read, hence their affiliation.

(~)^(~)



To: hdl who wrote (140157)12/23/2001 10:36:48 PM
From: LLCF  Read Replies (1) | Respond to of 436258
 
<bin laden dead - markets up 10%; >

LOL, how much you want to bet 1:1??? How can you be so lame if you're from Greenwich??

DAK



To: hdl who wrote (140157)12/23/2001 11:19:32 PM
From: Earlie  Read Replies (1) | Respond to of 436258
 
HDL:

Your arguments make little sense to me.

N. American Corporations are watching both revenues and profits plunge. Most are laying off workers at an accelerating rate. Unemployed folks don't borrow or buy much hence as their numbers increase, the impact of their woeful state just adds to the drag on the system.

Most of the rest of the globe has only one serious customer for their wares and that is the U.S. consumer. As this source of sales wilts (and it is), so too will their revenues and profits. This is not the stuff of which a new round of global expansion is made.

Best, Earlie