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Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets! -- Ignore unavailable to you. Want to Upgrade?


To: Cary Salsberg who wrote (10463)7/18/2002 11:35:48 AM
From: Jim Willie CB  Read Replies (1) | Respond to of 10921
 
yes, making money since March, and yes angry as hell

at the stupidity and illiteracy and naivete of sheep
continually burned, and repeatedly return for more losses

gullible towards press & media reports
esp the totally idiotic and consistently wrong economic reports
how many years will the sheep eagerly await the 2nd Half Recovery?
my guess is around 4 years

I have shaken several friends by the shoulders in the last 3-4 months
perhaps 30 friends and associates and acquaintances
only 2-3 heed the warnings
now they are downtrodden, confused, with growing in despair
they talk of lost pensions, never retiring, inability to pay for kids in college
a few have lost jobs, a few have given up looking for jobs

our leaders are not managing businesses and economies
they are managing bubbles

investors are essentially deer stuck in headlights
some actually say there is nothing they can do
as if they dont control their $100-500K worth of 401ks
as if they dont control their own mutual funds
one friend actually said his broker kept stopping her from selling
at my sports club, many gathered as moaned about never being able to retire

my anger is in response to perceived helplessness
people are not helpless
but can make decisions
I bristle at the crimes committed by Wall Street brokerage houses, corporate boardrooms, and elsewhere
it is 95% unprosecuted

a dangerous period for investors is about to get even more dangerous
every once in a while, I step onto old threads I used to tread
chipequips are a leading sector typically
I make my message, take a few insults, leave, drop by another, do the same, then leave
in a month I usually drop by and hear their pain, mention some new dire signals, get ignored, then leave
call me a fool who tries with little success to warn

I am glad Paul Revere's warnings were heeded
/ jim



To: Cary Salsberg who wrote (10463)7/18/2002 2:03:19 PM
From: Kirk ©  Read Replies (2) | Respond to of 10921
 
To Jim Woolly CB you asked:

If you are correct and we are not, then presumably you have been making money and will continue to do so and we have been losing money and will continue to do so. Under these circumstances, why do you appear so shrill and angry?

"sheep who believe the bullshit" is not a line that is guaranteed to win converts.


My experience is these people were wrong for so long as they lost money being too bearish all through the 1990's that they soured and now hate everyone.

or

They are just naturally nasty people and the Bear market fits them better.

Kirk