Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Softechie who wrote (88945)	7/1/2002 12:01:51 PM
From: furrfu	Respond to of 99280

For any one of many possible reasons -- be it a series of high visibility earnings breakthroughs or Martha Stewart's return to sainthood, maybe even peace in the Middle East -- pent-up buying will start to snowball. He left out the Tooth Fairy restocking everyone's depleted 401(k)'s and IRA's. Just as real a possibility as those three. LOL Doug

To: Softechie who wrote (88945)	7/1/2002 12:08:07 PM
From: furrfu	Respond to of 99280

JUNE 24 ~ While researching … Sept. 11 comparisons, it struck me how much the market had declined prior to that event. From the week of Aug. 10, 2001 at 1221, the market shed 140 points in four weeks to wind up one of the worst percentage five-week changes we have ever recorded. A coincidence? That fact is lost in the aftermath of 9/11, but personally, I would like to know who was selling at that time, and what did they know. … How would you deal with a bunch of selling out of the Middle East or elsewhere, based on informed opinion? The answer from Wall Street and Washington I suspect would be to ignore it -- hard to prove, you know. The easy thing for our government to do is bust crooks who hold up party stores for $100. However, if you stole $100 million from shareholders, or have $100 million in the bank like a Saudi sheikh, you are untouchable. Avoid responsibility, make no controversial decisions, and go for the money -- that is what drives Wall Street and Washington. And that is what is driving this bear market -- a lack of morals as much as poor economics. -- Bill Kowal So, is this guy Oliver Stone's money manager, or what? And profiting from a bear market equates to a lack of morals? sheesh. Doug