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To: Cooters who wrote (121727)7/17/2002 8:28:26 PM
From: marginmike  Read Replies (1) | Respond to of 152472
 
IBM report was a complete travesty, it is indicative why we are not close to a bottom.



To: Cooters who wrote (121727)7/17/2002 8:30:16 PM
From: carranza2  Respond to of 152472
 
Too funny!

Greenspan's metric just might be right, though. I certainly think we're in an period of irrational pessimism.



To: Cooters who wrote (121727)7/18/2002 5:50:31 AM
From: Curbstone  Read Replies (1) | Respond to of 152472
 
How about this approach from "Robert T. Quasius" of SI's JDSU thread:

Latest investment opportunity.

If you had bought $1000.00 worth of Nortel stock one year ago, it would now be worth $49.00.

With Enron, you would have $16.50 of the original $1,000.00.

With Worldcom, you would have less than $5.00 left.

If you had bought $1,000.00 worth of Budweiser (the beer, not the stock) one year ago, drank all the beer, then turned in the cans for the 10 cent deposit, you would have $214.00.

Based on the above, my current investment advice is to drink heavily and recycle.