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

To: Maurice Winn who wrote (12261)	12/30/2001 1:55:38 AM
From: TobagoJack	Read Replies (1) \| Respond to of 74559

Hi Maurice, <<profligate parties … incongruous … XX chromosome people … cash flow … reduced … correlation of truffles … cut up gold card … sense>> I showed your post to my wife. I thought it was so funny that I had to show it to somebody immediately, and as I couldn’t get hold of my girlfriends, and so the wife:0) Her comment is, “Jimmy hosts 10 families, with lobster, vintage wine, truffles, and Kobe steak. We host 4 couples without kids, on pre-mixed spiced lamb stew, pasta, shrimp kebabs, and Coca Cola, and you want to cut my allowance? I will save you some money by having no babies.” I knew that sending my wife to business school was a bad idea. So, OK, the allowance cut idea is thus nixed for the moment so as to successfully procreate the next generation of French Creole Hakka Chinese Trinidadians out of the protoplasmic stew formed from truffles and such. <<P:E ratio of 25 for the S&P is fair enough: Message 16842983 … Mucho, I don't see a reason for an equity risk premium. While it's true that the Fed is not going to go bust [very unlikely anyway], a spread of companies is very secure. More secure than a fiat currency which has nothing to hold it up>> Maurice, If I agree with you on this, through my warped conservative lens, I would say the whole world already agree with your contention, and have done so for a while, therefore your market is priced accordingly, resulting in a market that will return no more than twice the risk-free rate … Message 16841453 So, do you really want me to agree with you? <<What's the current Global Crossing debt price please?>> 8 cents on the dollar, but, as GX has not (yet) declared bankruptcy, you the buyer will have to pay the seller the accrued interest (another 8 cents) for the payout that may not happen in January. So, perhaps better to wait for GX to declare the big Enron Default and skip the necessity of paying for accrued interest that may not be forthcoming. <<<I was the sole and lonely loony gold cockroach at the party > Hmm, if all are saying the US$ is the Tora Bora safe cave of the financial world, it makes me a little doubtful that it's so good as that>> My thoughts at the time, exactly, except for the words. <<Dow 16,000 Feb 2002>> ... ... Denominated in the new Argentine currency? or are you forecasting an impending and radical shuffle of the Dow component shares ... to say NEM, AAPTY, IMPAY, FN, ...? Chugs, Jay