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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Yorikke who wrote (6319)	6/26/2002 1:22:23 AM
From: Raymond Duray	Respond to of 33421

Hi Yorikke, Thanks for the thoughtful response. Re: Ray I do not share your apocalyptic fears Nor do I. I merely have a predilection for bombast and hyperbole. Just trying to keep the conversation lively on my end. Re: There is no crisis here, just a long period of yang swing. Akin to the commencement of the great awakening of '29? When financial markets took 25 years to get back the public trust they needed to advance? Or more like '70 when it only took a mere twelve year on the yang swing? I see you believe in a 20 year swing....this could take a while.... """"""""""""""""""""""""""""""""""""""""""""""""""""""""""" Re: The country is neither being duped Great, well then perhaps you would be so kind as to enlighten me regarding the answers to a few dozen of these questions: unansweredquestions.org """"""""""""""""""""""""""""""""""""""""""""""""""""""" Re: nor is it any less moral than the rest of the world. My difficulty is that I compare today with 20 years ago and see a vast decay in ethical standards in the U.S. markets. I do agree completely with you about the rest of the planet. Our reversion to the norm is what makes me mad. We once were better. Re: Moral outrage grows out of the jealous realization that them that flaunts the 'accepted' code do so well when compared to them that follow 'god's rules'. I may be a little cranky and eccentric, but I'm in the camp that says that our current version of PSLRA-induced cavalier flaunting of any and all metes and bounds of civility, fair play, decency and ethical behavior is a road to ruin for far too many victims. Those who win this game are the least worthy among us. I.e., an arrogant criminal class which declares itself to be above the law. Never the basis for much, other than decline, retribution and hardship. """"""""""""""""""""""""""""""""""""""""""""""""""""""""" Re: Nobody with any real money wants the lower classes to get mad enough to do anything. Fleecing them is one thing....outright plunder is quite another Now there's a lot of wisdom to that statement. But how do you explain the $300 MM budget for security in Kananananankanis out in tule reeds where the rich and powerful are gathering this week to find new ways to screw us? Sounds like they know we're mad and they're just going to eviscerate us from a distance. """"""""""""""""""""""""""""""""""""""""""""""""""""""" Re: The game will become fairer and make it much more likely to be profitable for all involved. We will be closer to the economic theory of perfect information. Markets will function more efficiently. Capitalism will be better for it. And we in the US will lead the way. Others will follow. You got any bridges for sale?

To: Yorikke who wrote (6319)	6/26/2002 7:09:28 AM
From: John Pitera	Read Replies (1) \| Respond to of 33421

Mike, A Truly Brilliant Post Probably the very best one I've ever read on SI. You've so articulately and Eloquently summed up our thinking that I want to thank you. Many of us on SI have know about the bubble, the excesses, the huge investment losses sustained by the 50-70 demographic, but the good news is that This too shall Pass We're lucky as can be that we've got the FED standing buy to monetize collapsing assets. We have the means to deal with sinking asset traps and deflation. Now obviously when The Central Banks pull out the really heavy liquidity generating and lifting techniques the expansion of net free reserves and injections of permanent liquidity are not going to go back to busted Internet and tech stocks. No my friends and colleagues, In my humble opinion we are seeing a potential huge shift in the Asset classes of choice for the preservation of wealth and Capital. In my grand unified theory of the MacroEconomic cycle we see the shift out of Financial assets, especially those denominated in USD during 2002 and we see a macro rotation to the asset classes that will most benefit from a coordinated Global Reflation over the next several years. This viewpoint of mine is not new to those who've been following along here in the Market Lab. And no I did not dream this up last night while sleeping.... -g- It looks like I'm buying the rounds and the Scooby-Snacks for the Gang this weekend... you've already done your bit -vbg- many thanks, John PS... that reference to my Grand Unified Theory was intended as tongue in Cheek.... you know we need a little levity on days like today!!!.. JP