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

To: LLCF who wrote (20279)	6/26/2002 5:32:15 AM
From: Maurice Winn	Read Replies (2) \| Respond to of 74559

<always adulation for shiny yellow metal> DAK, "always" is a very long time. JDSU and Worldcom were mere flashes in the pan. Gold has lasted for thousands of years in value and I expect won't be going away any time soon. But neither is it something sacred. It's just one of any number of things part way through their product life cycle. Sometimes it goes up relative to other values. Sometimes it goes down. At the moment, up. But, just like Worldcom, it can go down [albeit not as quickly]. Mq

To: LLCF who wrote (20279)	6/26/2002 5:47:27 AM
From: Raymond Duray	Respond to of 74559

"BUSINESS PAGES THAT READ LIKE THE CRIME BLOTTER...." We rock your world! "Imperious chief executives falling like flies." "The economy and markets right now are in the midst of a full-blown corporate governance shock," said Stephen Roach, chief economist and resident pessimist at Morgan Stanley. "To presume somehow that it's over or the worst is behind us is naive." "There is clearly a liquidation going on here as people lose confidence in what companies and proponents of stocks have been telling them," "Foreign investors are coming to the realization that U.S. markets are riskier than they thought," said Richard Bernstein, chief equity strategist at Merrill Lynch & Co. "This is not the way economic cycles usually work." "The market now looks like "a crooked house, a sophisticated game of three card monte," "our view is that the market, even at this level, is still quite speculative." "In the 20th century, we have never had a strong, sustained economic recovery when the stock market is meaningfully down," said economist Barbera of Hoenig & Co. "Unfortunately, I don't think it's going to happen this time, either." washingtonpost.com """"""""""""""""""""""""""""""""""""""""""""""""""""""""""" OK, so "Booms, Bust and Recoveries......." Two out of three ain't bad.