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

To: Kirk © who wrote (10520)	7/23/2002 11:32:31 AM
From: Jim Willie CB	Respond to of 10921

the bad apple is the USDollar, going down another 25% you seem to accept the easy explanations out there now investor trust erosion, fraudulent accounting, expensing stock options a few bad apples or is the Anderson apples the same as almost all other accounting apples ? or is earnings statment the same at most other S&P firms ? that news has been out there for weeks now NO there is another story unfolding, not yet revealed it has to do with the declining USDollar we havent seen the fallout yet from the decline and from what I understand, from my experience, from my knowledge of currency history, from what traders are saying in Europe,.... from the widening US trade gap from the widening US federal deficits THE USDOLLAR IS GOING MUCH LOWER but we still have yet to see and feel the fallout IT WILL HAVE TO DO WITH US AND FOREIGN BANKS MY GUESS IS NYCITY BIG BANKS MY GUESS IS ASIAN BANKS AND NOT TO FORGET THE PATHETIC SOUTH AMERICAN BANKS worldwide banking crisis is unfolding in early stages 75% of world banking reserves in foreign banks are in USTBonds they export goods to USA markets they buy TBonds with surplus fast forward 20 years NOW COMES THE CONSEQUENCE OF REPLACING GOLD IN BANK RESERVES WITH DEBT watch in horror / jim

To: Kirk © who wrote (10520)	7/23/2002 11:56:04 AM
From: chomolungma	Read Replies (1) \| Respond to of 10921

Conspiracy theories and their proponents gain maximum popularity when times are at their worst. Very true. They will have their moment in the sun and then be discarded on the trash heap of history. I'm old enough to have lived through several of these cycles of negativity. They pass. Smart investors use these cycles to steal the stocks from the weak hands and reap the rewards in the up cycles. Recently I was looking at a long term chart of the S & P 500. Every recession has been accompanied by declines in stocks. Some of them had "V" bottoms and some of them wider troughs, but one thing they all had was sharply higher stock prices one or two years after the recession ended. The decline in 1973 and 74 produced a near 50% decline in the S & P 500 (from about 120 to about 60) Two years from the bottom it was 100. If you were negative when the index was 70, you may have felt good for a while, but if you missed the sharp recovery, you lost a far greater opportunity. The problem with the negative types among is that they don't know when to quit. Things don't keep getting worse and worse. History has shown constant improvement, especially the last 50 years. The next 10, 20 and 50 years will be more of the same.