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To: Earlie who wrote (190833)9/5/2002 10:36:28 PM
From: orkrious  Read Replies (1) | Respond to of 436258
 
great post, Dr. Richerbacher...err... Earlie. <g>



To: Earlie who wrote (190833)9/5/2002 10:48:13 PM
From: robnhood  Read Replies (2) | Respond to of 436258
 
Earlie, I've talked to a few bond guys and younger stock traders and young guys in institutional trading and they all say that they've never seen anything like this. " Have you ever seen it this bad?" I laugh, This is still pretty good IMHO. I remember on the old floor in TO doing less than 1 million shares one day in the seventies. I point out to them that they have been witness to how truly ugly a bear can be. The junior golds post bre.x... Many of them could go for days without trading as much as an odd lot.



To: Earlie who wrote (190833)9/6/2002 4:05:01 AM
From: Tommaso  Respond to of 436258
 
>>>>For me, the equation has changed dramatically during this past year and currently supports a more aggressive shorting stance. <<<

Since I am just sitting squat on my DJX LEAP puts and my BEARX, that's obviously what I think.

It may be that I am not making the right contacts or reading the right things but from where I am right now (in Prague) there seems much less interest in England and the European countries in financial markets than in the US. I can get French national radio here (you wouldn't believe how at home one feels in French in comparison to Czech!) and the BBC, and it is hard to catch any coverage of the markets, let alone on Czech TV. The BBC and the French service have all sorts of political coverage but very little financial. I can get the European WSJ here, but it's $3 and I can get two hours on the Internet for that.

I guess that's why Templeton calls it "the American madness"--though of course markets everywhere are overpriced.



To: Earlie who wrote (190833)9/6/2002 10:19:33 AM
From: Petrol  Read Replies (1) | Respond to of 436258
 
Wonderful post, Earlie, thank you :)



To: Earlie who wrote (190833)9/6/2002 10:24:41 AM
From: Bocor  Read Replies (1) | Respond to of 436258
 
Excellent commentary.
Anyone happen to watch CNBC ASIA last night? Commentator was speechless when analyst noted that this was a buying opp of a lifetime in Japan, and he knew of no one who was selling. Response was..."someone is selling, we just hit a 19 year low"....better entertainment than our own CNBC by far!



To: Earlie who wrote (190833)9/6/2002 6:27:26 PM
From: mishedlo  Read Replies (2) | Respond to of 436258
 
From MS on the FOOL when I proposed S as a short

Sears? Let me tell you my Sears story.

On the Saturday before Labor Day I went into Sears. Picked out two shirts that were on sale. The normal selling price of each shirt was $26. They were marked down to $9.99 each to move them. OK so far. Then because of the Labor Day sale Sears took an additional 25% off. Price is now $15 for both. Then they said they would give me a $10 credit towards my purchase if I reactivated my Sears charge card(which I haven't used in 10 years - nothing against Sears, I just pay for what I purchase).

Total cost for two $26 list price shirts.

$5.