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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?


To: Terry Whitman who wrote (151022)2/13/2002 12:32:45 PM
From: Tommaso  Read Replies (2) | Respond to of 436258
 
It seems funny to be saying the same thing about the S&P and Dow that I was saying about tech stocks 2-3 years ago, but the bearishness of this thread is an infinitesimal blip in a roar of bullishness that persists elsewhere, and the even vaster expanses of mindless complacency about the stock markets. I have long since learned to keep my mouth shut among all my friends and acquaintances, who seem to me to plod along mooing and snorting, confident that somehow all their investments will recover and prosper, running up credit card debt, taking out second mortgages, and buying SUVs. I believe in living well, and I spend as much money as they do, but what I spend is not borrowed money

The valuations have to be there to sustain a bull market, and they are not. In 1982 I was not only margined to the limit on a portfolio of closed-end stock funds, but I was buying groceries off of a credit line at the bank (all interest was tax-deductible then). Stocks were a steal.

The only thing I see right now that really looks like a steal to me is crude oil.



To: Terry Whitman who wrote (151022)2/13/2002 1:18:20 PM
From: sun-tzu  Respond to of 436258
 
tee dub,

of course you won't find anyone agreeing with you here. this is a bear thread in case you haven't noticed <BG>

clown long,

(~)^(~)



To: Terry Whitman who wrote (151022)2/13/2002 2:48:32 PM
From: Lucretius  Respond to of 436258
 
no



To: Terry Whitman who wrote (151022)2/13/2002 10:04:02 PM
From: LLCF  Read Replies (1) | Respond to of 436258
 
Ho ho ho... remember, we're clown long some stuff here... just letting it out on the way up. Hell, if sept was the bottom, it's going to be fantastic for gold.... won't be that easy unfortunately.

dAK