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

To: jim black who wrote (12229)	12/29/2001 3:10:31 AM
From: energyplay	Read Replies (1) \| Respond to of 74559

The Argentine default has been in process for what - 15 months ? maybe 2 years? Also, the idea of Argentina having a crisis - is that a surprise ? Doesn't their constitution require one every 10 years ? elmatador - is anyone in Brazil surprised ? Enron, Japan, 9/11 are different.... That being said, I think we are in a sort of slow motion crisis, where the Fed and IMF and others let things (like the market) down gently.... A long slow crash, sort of like a Cruise ship plowing into a wooden dock at about 3 knots....you can temporarily outrun the chaos, but it doesn't stop comming.

To: jim black who wrote (12229)	12/29/2001 3:53:37 PM
From: Stock Farmer	Read Replies (1) \| Respond to of 74559

Hi Jim - <<true optimism>> perhaps not. For if I survey the world through the eyes of a scholar, yes - I see the slender branch below our feet trembling under the weight and I am concerned. And when I peer around at the universe of possibilities as to where to stash my ill gotten gains, well I found an allocation that looks remarkably similar to yours - if not in substance, then in posture. But when I look very close to home, with myopic self-centered eyes, I don't see the dark storm clouds. More to the point, what I see is like some Alice-in-Wonderland tea party. And of course the perpetual optimist in me would rather that the dark and gloomy future stays somewhat perpetually in the future. Out of sight, out of mind, so to speak. So, here I sit holding two conflicting realities, one in each hemisphere of my brain. It is quite a unique experience. Perhaps it is not optimism you see, but merely the symptoms of my cognitive "strange-and-awful-sound". John