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To: elpolvo who wrote (15429)7/12/2002 10:56:04 PM
From: lurqer  Read Replies (2) | Respond to of 104155
 
before you go buy a buttload of equities

While I believe we're at (or very near) a crucial economic inflection point, I'm not "loading the boat" (or butt).

However let's test your thesis - for the market to turn we need our would be "leaders" to exhibit more "horse sense".

Having recently ended "The Greatest Bull Market In History", let's remember when it began in 1982 - early in the 1980 - 1988 Reagan Years. Say what you will about Reagan, Mease and crew, but expounders of your equine verities, they were not.

I do agree that if the current business scandals reach into the White House, the market goes down from here.

As for 'Do unto others as you would have others do
unto you.'
, I've always considered that to be the wellspring of morality.

Have a Sadie's margarita on me.

lurqer



To: elpolvo who wrote (15429)7/13/2002 5:27:36 PM
From: Sully-  Read Replies (2) | Respond to of 104155
 
Perhaps history will not perceive #6 in that manner. Perhaps time will reveal that attempting to achieve grand visions often have consequences of equal magnitude when the path chosen to achieve those goals was the wrong one.

The next to last paragraph in your post partially discusses why I believe those near utopian visions were not achieved, as these same practices were all too common throughout the highest levels of government. Some believe the tail wags the dog. Others believe the dog wags the tail. In any event, leadership lacking proper ethics & morals may have had a lot to do with the reasons that these grandiose visions weren't achieved............. and it appears that there are some pretty severe consequences for missing the mark.

Perhaps you are right. Perhaps history will see divergent perceptions & reality jive with the facts.

Ö¿Ö