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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?

To: Mannie who wrote (465)	6/14/2002 10:17:57 AM
From: Jim Willie CB	Read Replies (1) \| Respond to of 89467

dont know bout chu, but Naz falling over the cliff blame it on the Karachi bombing, but one has to step back yes, step back and take stock of the situation what is the excuse of the day for the Dow and Naz killings? downgrades of biotech, of drugs Intel warnings entire telecom seemingly staving off bankruptcy downgrades left and right, sector after sector poor forward guidance by HomoDepot and many others bankrupt companies criminal indictments of CEO's accounting scandals false reporting of earnings IPO pump and dump investigations when will the investing public figure this out? the problem is THE ENTIRE STOCK MARKET the US economy is suffering from terrible DEFLATION lost pricing power, eroding earnings, poor cash flow the cash flow is serious enough to threaten debt structures thus, bankruptcies Naz is below critical support, slipping seriously I predicted a while back: 1100 on Naz this aint capitulation, this is instead deadly bleeding nothing but hope is peddled nowadays hope for: econ recovery, earnings growth, business spending, foreigners staying the course, the dollar holding, and the best... this is the final capitulation what a joke, how desperate pleased to see foreigners have the good sense NOT to hide safe haven into dollars and TBonds GOLD is superior, the ultimate and most portable safe haven I smell something different in the air it is not FEAR instead, it seems more like a combination of ignorant hope and informed distrust much more deadly to stock markets / jim