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Pastimes : Home on the range where the buffalo roam -- Ignore unavailable to you. Want to Upgrade?

To: stockman_scott who wrote (8856)	8/21/2002 10:26:21 PM
From: pbull	Read Replies (2) \| Respond to of 13815

Shore 'nuff. Tech starting to get some traction here. One can reduce risk by owning quality names, although I think I'd go a bit further down the list than MSFT <g>. Last I saw, Landis still had SYMC, and Smart Money liked it and CYMI. But things may have changed in the most recent rout. Good luck to all. PB

To: stockman_scott who wrote (8856)	8/21/2002 11:07:22 PM
From: Sig	Respond to of 13815

Scott: IMO one must stay loose today: The crash of 2000 may have been a bit like 1929, but doesnt mean the recovery will take as long Today we have 1. Steady good paying jobs, vs mostly small farms and seasonal work at that time 2. High employment, and income if one is surplused out. 3. Nearly free trade commissions. ( MWD used to charge me up to $300 for a trade which today could be free or $9 elsewhere) 4. Minimum wages and automatic savings.. 5. Huge international exchange of goods. trading. and currency hedging. 6. Instant communications, and free via the Web 7. Famous personages ( known faces) on TV ( That was big change- the TV- Seems we have known and sometimes even trust the familiar person whose face is on the Box) We get a fireside chat each day now it seems.From fund managers<g> And market experts like Maria. 8. Big supply of money in bonds and MM's that can be switched into equities as fast as you can cay "Greg Mullineaux". 9. A lot more stability. Farmers get big subsidies, get paid for not growing crops, Government buys butter, dried milk, surplus crops. 10 Everybody gets disaster relief- fire, floods, too much rain,. too little rain, Heck-I could probably think of some way to qualify- are market losses covered? 11 Auto workers get 90% pay for two years after getting laid-off And we remember the recent good times ( 1990's) far better than the cruel downturn. The present huge sector rotation shows that people are boldly continuing to seek the gold, moving the chips on the table, and will not be content with the 1 or 2% in the MM. I am not saying we go up fast from here- maybe just a reverse of the way we came down. 2 up and 1 down? Sig