Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: pezz who wrote (12381)	1/1/2002 12:17:29 PM
From: elmatador	Read Replies (1) \| Respond to of 74559

Jay/Pezz I am assembling the chess board beside my PC: Jay playing white said: pawn to king 4, regardless of how Pezz responds, followed by king bishop pawn to king bishop 4. What was your move, Pezz?

To: pezz who wrote (12381)	1/1/2002 6:18:18 PM
From: TobagoJack	Read Replies (1) \| Respond to of 74559

Hi Pezz, <<if I had said that the pking lot were empty that would have been a good thing ?>> Correct. It would have been a signal to buy without regard to risk, leverage level, need for breakfast or necessity to toilet break. <<recession has been a biz slowdown based on prior over production not a consumer slowdown>> No on cause and yes on effect. Bubble economy blew up, ameliorate with FED BandAid on severed arm, and the consumer never really slowed down, dropping a ton of lifeblood while still dancing to Tomb Raider soundtrack. <<inventories rapidly shrinking it might not be too far fetched to assume that one is on the horizon>> Correct, not far fetched to assume, as most are, but absolutely wrong to bet on it. <<too soon to expect the lower rates to have kicked in up to now>> Correct again … because low rates has been doing its work all the time, pinning folks hope to V recovery, delivering Very little. <<Consumers are spending, construction is strong>> is the problem, the symptom, and the damper on V recovery. <<Soooooo when biz spending kicks in [Ok, ok IF it kicks in] happy days??>>Nope, I am afraid not, because IF biz spending kicks in, interest rate will rise, popping the twin bubbles of consumer spending and housing construction; and if biz does not pickup, so goes the bubbles to fizz and foam, then nothing. We do not have to worry about the former, because biz is not worried about the former, given that they are still trimming fat and muscle and bone. <<OK. ok ... but what have ya done for them lately?>> Trying to save you some wealth:0) <<pawn to king 3 followed by pawn to Queen 4>> My chess computer crashed. Waiting for reboot. Chugs, Jay