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

To: Hugh A who wrote (21946)	8/2/2002 12:02:57 AM
From: TobagoJack	Read Replies (3) \| Respond to of 74559

Hello Hugh, Welcome to the BBR. <<Perhaps we don't have to look too far into the future to see what the stock market is discounting.>> I saw the future today. I was at the bank doing something or other, and in the next counter, a frail and small old lady, about 70-75, enquired, puzzled over, mumbled, and renewed a HKD 4 million (about USD 500k) fixed deposit for three months, in exchange for 0.125% annualized interest, or let's see, ah, USD 156 dollars for the three month, or USD 13/week, or precisely 4.8 McD big breakfast per 7 days. I would imagine that old lady will not be buying any fresh flowers for now. Chugs, Jay

To: Hugh A who wrote (21946)	8/2/2002 9:18:14 AM
From: Ilaine	Respond to of 74559

>>They tell me that they wish I had told them that the market would go down (I was in cash by early '00, not being a trader). My reply is that they wouldn't have believed me and they don't disagree.<< I cashed out in 99 (being gutless) and told everyone I know to do the same. My husband finally listened to me in the winter of 00, but nobody else. I quit talking about it in 01. (I did suggest investing in defense stocks when they were at rock bottom but did not take my own advice.) Recently my father, who had set up a fund for my sons for college, but put all the money in "growth stocks" mentioned that he'd like to sue his stockbroker. I said nothing. I get a lot of bemusement and schadenfreude by looking at stocks that I used to own (Tyco, Elan, Lucent, AES, Loral.) My husband and I are talking about buying stocks in companies which would profit from a weaker dollar. He suggests Caterpillar, Harley Davidson, maybe some railroads. My older son wants to go to Carnegie Mellon ($25k tuition, $7k room and board). I think that would probably be a better investment. I haven't asked my dad how much is in the college fund but my guess is not much.