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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?

To: Sully- who wrote (1520)	7/5/2002 2:23:18 PM
From: Jim Willie CB	Read Replies (2) \| Respond to of 89467

Hoss, you gonna ride that yellowdog? this I must see for mine own self it be a strong beast to carry your weight the breakdown must be accompanied by a capitulation we have not seen ANY CAPITULATION with major stocks after this contrived cover summer rally, much more likely just got asked another question about it by a friend today he asked if I thought there has capitulation last week I said... "when 3/4 of your friends who invest tell you they have sold their stocks, sold their 401k's, put their retirement money in something safe like bonds, and then tell you they forever have sworn off stocks, and to put them in an asylum if they ever purchase stocks again, THEN YOU CAN SAY WE HAVE HAD CAPITULATION in stocks" hasnt happened yet, not even close I expect to see it when Dow is at 5000 before y2004 but as for gold miner stocks, I think we have a 50-50 chance of seeing true capitulation later in July it will be a lesson in capitulation detection & recognition we havent seen it in stocks since y2000, not even close the gold capitulation will be the BUY SIGNAL we must have claims that inflation is still dead we must have a CPI number with a leading 0% handle we must have ridicule in the press of precious metals we must have at least one more bankruptcy, which ensures more liquidation deflationary pressure we must have some new USdollar trading range we must have claims that the Federal Reserve has prevailed over mere mortals once again in establishing stability to our economy and financial markets then I will re-enter the gold sector again of course, as with my last list of current drivel reports, NOT ONE SINGLE ITEM WILL BE TRUE !!! I remain, a Jackass