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

To: AC Flyer who wrote (21029)	7/9/2002 3:23:37 PM
From: LLCF	Read Replies (1) \| Respond to of 74559

<. I don't like the pressure of having to be right all the time, 24/7. > Me neither... was long biotech for 2 years, now gold for 2 years... and short stuff for about that time too. I'm pretty long term.... although when I get SPX poots near expiry I do watch 'em like a hawk... this usually happens because I've been holding 'em so long. <I am parked in US equities because I believe we get seven more years of boom and I don't particularly care what the next six months bring. > I've labelled the demographic argument "the modified greater fool theory".... IMO the demographic argument should be used to predict VOLatility of all markets, depending on what appears to make sense at the time... ie. yea there is tons of coin sloshing around looking to get rich... but I see no reason it has to be tied to US tech or US equities in general. I think those following this line of thinking also haven't thought about the ramifications of leverage. <My opinion is that probability does not favor this. > I hear you... time tells... if it becomes clear I'm wrong, then that's life. My original GOLD share purchases a couple years ago were because the stocks were STUPID cheap, by any measure... currently I think their next leg will be driven by GOLD being STUPID CHEAP by any measure... or if you will the $US WAY too plentiful by any measure. I could see GOLD and stocks going up BTW under certain circumstances [like since 9/11]... but right now the levered economy is going to destroy more equity IMO. That's the beauty of life... observe the wonder and enjoy, whatever the outcome. You're right we do seem to have quite a bit in common... we're both convesent in economics as well... YOUR JUST WRONG! -GGGG- Good luck, DAK