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

To: TobagoJack who wrote (21700)	7/26/2002 4:07:34 AM
From: Snowshoe	Read Replies (2) \| Respond to of 74559

At some point you must consider gold, and its derivatives, first and second order, or have you considered them already? They are now relatively cheaper than before, inexplicably. Inexplicably? I expect gold to get even cheaper as the slow grinding recession bites deeper. People will sell gold to pay off debts and buy food and stuff.

To: TobagoJack who wrote (21700)	7/26/2002 5:24:42 AM
From: Maurice Winn	Respond to of 74559

Asian values? <"It is strange the way Americans see stocks as a source of guaranteed fixed income," he said. "To most Asians, the stock market is for gambling, like horse racing."> Which is of course one of the reasons that US stock markets do much better and Americans are wealthier. Of course there are Asians with Western Values such as Morita who built Sony, but they are exceptional. Asians should understand that horse racing is not even a zero-sum game - it's like a casino = the house always wins and there is no production which can be sold for a profit. The stockmarket is like a Black Hole running in reverse - pouring energy and matter out to fill the universe. The energy source is the mind of humans. Horse racing and casinoes are mindless statistical ways of dividing people into winners and losers with an increase of entroy being the only thing to show for it. Actually, to most non-Asians too, the stock market is for gambling, like horse-racing. Mqurice

To: TobagoJack who wrote (21700)	7/26/2002 9:13:39 AM
From: AC Flyer	Read Replies (1) \| Respond to of 74559

>>Ouch, mama, hurt me! And if I were to guess, it would take a few year's of active savings to make up that passive loss<< Look, Jay, this is not a "mine's bigger than yours" thing, but the Ben Graham-ish securities and money managers where/with whom my money is parked delivered very solid double digit returns in 2000 & 2001, so save your (crocodile) tears. I truly didn't expect the DOW to break below 9,000, but in any case, as I have mentioned before and will risk boring you with again, what works for me is active management, but on a multi-year timetable. The ONLY thing I have done this year is throw one good chunk of cash into equities about two weeks ago (GM, YUM & a few others). Finally, I don't believe we've hit the perfect financial storm. No more numerical predictions from me, but I think that at year-end things will look different.