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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: Ditchdigger who wrote (27847)	1/13/2002 11:37:26 AM
From: Sergio H	Respond to of 29382

<Eurozone....what will happen if some of the member economies go into a slide, while other don't? > Capitalism needs and demands a mobile, ready, willing and able labor pool. As economics go sour in one region, people are forced to migrate. This has been in practice in the US going back to the gold rush. Mass exodus out of my state a few years ago is now undergoing reversal. The Eurozone is giving it a go in spite of widespread economic problems. Our country might do well in accelerating efforts to increase market relationships in our side of the globe,but that's another topic. On investments, so far this year I've been letting things slide. Not sure if I'm being lazy or I'm being influenced negatively, like you, by world events. My portfolio is heavily concentrated in biotech, individual stocks as well as ETFs and mutual funds. BTW, Barron's featured a write-up on an ETF site worth passing on: etfconnect.com Keeping an eye on semi-conductors, as we've been discussing. I too am cautious about the market, although the fed easing and cheap energy have to be favorable to at least part of the market. According to Biz Week, the PE for the S & P 500 is currently above 40. Expensive!!! I think there's opportunities in growth small caps estalishing or expanding their respective niche. Back to Barron's, Roundtable article included ATML and one of your old favorites, CHK. Sergio

To: Ditchdigger who wrote (27847)	1/13/2002 11:49:56 AM
From: Ken W	Read Replies (1) \| Respond to of 29382

Ditch Wow, it must be cold in VT this morning. LOL While I agree with you that the econ. is not looking to pull out of the dumpster as soon as the hypesters would like people to believe I have a couple of counter points on the ENE situation. ENE was a house of cards. It got to be a house of cards built by the top management thru their trading business. As the man said "if you don't understand the energy business, hedging and trading then don't get involved". When Capital Mangement (the large hedge fund) did the same thing 3 years ago there was not nearly the hue and cry about gov't involvment. As I recall the gov't at that time did come in and ease them out of the mess only to end in the same solution as ENE is facing, BK. Bush's involvement with ENE has been minimal at best. 500k total contribution between his Govenor campaign AND his Pres. campaign hardly cry out that they were controlling him or any of his people. BTW 300k of that money went into the ingrauagal and not to Bush people directly. Frankly I don't think there are too many people that control Bush. The media is pissed at him because they can't manipulte him like they want. He is standing strong on the Terrorism problem, he wanted and got his tax cut (really fast I might add). I less than 18 months he has accomplished more than has been completed in the last 10 years. (Can you tell I like the guy? LOL). As to the Euro. IMO the thing was destined to fail from the beginning. There are just too many little countries that had their own currency and want it back. They fought the damn thing from the beginning and will do what ever they have to for its demise. Gold? We've been here before. Goldbugs have been yelling manipulation for 15 years or more when that bubble burst back in the mid 80's, which by the way, opened up the largest bull market in history. Ken