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

To: Ilaine who wrote (14663)	2/8/2002 8:14:12 PM
From: Mike M2	Respond to of 74559

CB, I was much too early but I am convinced that I am right - we shall see. I recall many people saying Japan was ok and debt was not a problem- maybe they still don't see it but things are changing. Some people were early on japan its market is near 20 year lows - i'm patient but not that patient. Do you think many DOT.CONNED investors will ever recovery their losses how about optical networkers . IMO aggressve/ misleading accounting is a BIG problem . I won't name companies - i'm sure you understand why. ho ho ho Mike

To: Ilaine who wrote (14663)	2/8/2002 8:21:31 PM
From: Mike M2	Read Replies (1) \| Respond to of 74559

CB, when you are researching the 20s & 30s you may want to read what Fed member Adolph Miller had to say in the U.S. Congress, Senate Committee on Banking and Currency, Hearings on S. Res. 71, 71st Cong., 3d Sess. ( January-March, 1931), p.134 His testimony has been quoted by various Austrian authors. mike

To: Ilaine who wrote (14663)	2/9/2002 10:18:05 AM
From: LLCF	Read Replies (1) \| Respond to of 74559

< The problem from my perspective is that Magner has been saying the same thing since I first ran into him - roughly 8/1/98. Take a look at where the price of gold is since 8/1/98:> Actually, remember the stock indicies touched '98 levels in the fall... economically speaking 3 years in making a call of that magnitude [assuming what he's calling comes to pass... big if] is good IMO. "Irrational exuberance" was two years earlier... and I remember many WS puntits being chicken littles in the early 90's recession! Time will tell... I've been following the markets since the early 80's as my work, and been bearish & bullish on and off many times on both equities and gold [due to my economics background no doubt! When you're a hammer, all is nails] when in reality no economic calls were really needed during that whole time [luckily I stumbled on some pretty good trends in individual sectors and stocks]... NONE. However, that doesn't mean the won't be. DAK