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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: kodiak_bull who wrote (11148)	7/2/2002 6:37:46 PM
From: Archie Meeties	Respond to of 206085

Yes, but if you're waiting for the CNBC indicator, the past two days are about as good as it gets for a buy signal. I also sense retail capitulation - look at the equity fund outflows. The indices aren't going to give us perfect capitulation signals because some of the big caps are too heavily defended. But if you look at some of the small-mid cap techs - they've capitulated and they are cheap no matter how you measure them. What is left out of the discussion about dollar devaluation and the negative impact on our markets is that it is tech that generates more income overseas than any other industry. High tech and defense are two of the export strengths of this country, and if foreign holders of cutting edge companies want to sell out because they're worried about future dollar depreciation, I'll be happy to relieve them of some shares at this price. Last I checked US companies were still the ones generating over 70% of international patents in tech, and much of that research is not something other companies understand, much less can replicate. No matter what has happened, the forces of innovation, research, and freedom to pursue ideas remain intact. Corporate greed, blind and fanatical hate, etc. have always been around and will always be around. Just as I do to a couple of the posters on the board, I sell them short and put them on ignore.