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Strategies & Market Trends : Gorilla and King Portfolio Candidates -- Ignore unavailable to you. Want to Upgrade?

To: Jacob Snyder who wrote (50487)	2/24/2002 7:06:28 AM
From: Rarebird	Respond to of 54805

<I've been worrying and waiting for the consumer to quit spending (like businesses quit spending in 2000), but it hasn't happened, and with each passing month, it gets less likely it'll ever happen.> From Enron to IBM, major U.S. corporations have been caught "cooking their books" to make their companies look better. But the situation is much wider than that. I'm sure you are aware of the Campaign Reform Bill recently passed by the House of Representatives that makes it illegal for any citizen 60 days prior to a general election, to criticize a politician by means of their own paid advertisement. Nor can they criticize ANY legislation before Congress. The penalty for doing so is a fine and up to 5 years in prison. I wouldn't be surprised if Congress came up with a bill in the future penalizing those citizens who criticize the way the financial markets operate. Investors/Traders are not questioning the state of the markets, they are questioning the very LEGITIMACY of the markets. More and more Americans are beginning to suspect that they have been sold a bill of lies by Wall Street. What is happening now is that more and more Americans are losing confidence in markets themselves, and in the financial SYSTEM behind those markets. No. Loss of confidence in the integrity of the financial system tells me that these markets have a lot more to fall moving forward. The American consumer has been a good patriot and soldier up to this point. But don't count on it continuing moving forward. I'm beginning to see some signs of retrenchment. The Gorilla and King Portfolio candidates of this decade are the Gold Mining Stocks.