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

To: TobagoJack who wrote (16796)	3/14/2002 2:50:27 AM
From: Maurice Winn	Read Replies (1) \| Respond to of 74559

Jay, you need a real dictionary: dictionary.com When Donald Duck comics were written half a century ago, there weren't any pixels! <stop gloating, and start running, before more of your ribs are torn away from body corporate, to be sizzled on the grill:0) > Good point on the 0.55%! In that sense, yes, you only lost a finger even though the loss was total. I had an arm and a leg involved in the deal so if my GX Senior Notes had gone to zero, I would have been in big trouble. Well, it was a bit of fun. Of course I don't really invest for gloating rights, which are not the slightest help with a car dealer, airline ticketing office or supermarket. But since they were there for the taking, I thought I might as well enjoy them in passing. Anyway, I must away and slip quietly into the jungle. I'm after tigers, lions, elephants...gonna get them by the tail! Mq

To: TobagoJack who wrote (16796)	3/19/2002 3:44:50 AM
From: Maurice Winn	Read Replies (3) \| Respond to of 74559

<...Several analysts said Fed Chairman Alan Greenspan was probably foreshadowing such a switch when he declared in Senate testimony on March 7 that an economic expansion was "well under way."> Jay, Uncle Al will give a 0.25% interest rate rise tomorrow citing an extraordinarily fast recovery around the world. He has an eye on 'around the world' because he sees his job of protecting the US$ as being an international leadership job, not a xenophobic parochial US steel industry nationalistic protectionist issue. He will see the post-cusp 20.02.2002 triple-witching escape above the event horizon and subsequent rampantly good news as a dramatic warning that interest rates are likely to have to climb as rapidly as they fell to avoid a crazed irrational exuberance as people buy the recovery to avoid multi-decade low interest rates. Uncle Al has to get interest rates back up to get people happy to hold dollars, avoid a reprise of the irrationally-exuberant telecosmic wealth effect and accelerate savings which he has stated is an essential part of robust economic recovery and development. Perversely, the first couple of interest rate increases will drive markets crazy because all doubt about recovery will be thrown overboard. People will buy shares flat out! As interest rates cruise through 5% later this year, markets will settle into sensible relationships and Uncle Al will have successfully navigated through the craziness of the last 4 years. That's my theory! We'll know tomorrow. Mqurice PS: I'm glad to be out of Global Crossing - much more relaxed now.... ready to buy in case my theory is all wrong. Still gold free - I feel sorry for the naive Arabs minting a bunch of silver coins.