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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?


To: DebtBomb who wrote (79650)6/16/2002 2:59:34 PM
From: LTK007  Read Replies (1) | Respond to of 99280
 
along similar lines this article <<The Erosion Of Confidence
Risk and uncertainty looms large in today’s economy


NEWSWEEK>> A dark piece by Robert Samuelson that also focuses on Japan situation.

msnbc.com



To: DebtBomb who wrote (79650)6/16/2002 7:08:43 PM
From: ChrisJP  Read Replies (3) | Respond to of 99280
 
Hi Dale -- no doubt that money continues to come out of businesses instead of into businesses.

But like I said to George Cole, go look at a chart of the DOW or S&P 500 from 1970 to 1980. You will see that when the decade was over, they went nowhere, meanwhile stocks went from overvalued to extremely undervalued during that same time period.

quote.yahoo.com^GSPC&d=c&t=my&l=on&z=b&q=l

Anyway -- I'm not making any big bets, I'm just averaging in a tiny bit every week, which is a change from my stance 3 years ago. Oh yeah -- I bought a few shares in GOLDX too.

You know, everyone is so negative, you'd never know we have 5.8% unemployment, lol. I'll bet if you looked at editorials from 1932, 1974, and 1982, I wonder how similar they sounded to the negativity being printed now.

Chris