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Strategies & Market Trends : Galapagos Islands -- Ignore unavailable to you. Want to Upgrade?

To: Petrol who wrote (2906)	9/26/2002 9:33:05 PM
From: MulhollandDrive	Read Replies (1) \| Respond to of 57110

>> had/have a wonderful friend in Texas from whom I learned the bulk of what I currently understand about the markets and to him I'll always be grateful. (well, that and teaching myself 16 hours a day sometimes -g-) He was totally, awesomely brilliant and a great friend, too. And perhaps without these people in our lives we'd be in the same boat - unemployed, worried, desperate -- instead of commenting on how our latest short sell or long buy is behaving. It could be said that the regular guy out there shoulda done "this" or coulda done "that" to see some of this economic whirlwind change direction... but in the end, none of us want our families to worry about their futures or for us not be in a position to help a friend in need.<< absolutely, without question as to "our" exposure to some truly brilliant and insightful people in this arena. when fleck was writing here (and i was bullish) i would get really annoyed at his bearishness, but in time...(june 2000 to be exact) i came to realize the things that fleck, guys like earlie on cfz, jay chen, and , ahem, a few occasionally insightful folks here.....were just taking a hard look at the underlying fundamentals and pointing out the cognitive dissonance that was going on in the market. we're fortunate(?) to live this and breathe this every day, but the average worker out there is just DCA in his 401 k happy to go to work every day... now "suddenly" his retirement has been cut in half and more and more don't even have enough for everyday living expenses as they lose their jobs. i'm beginning to see some fear out there...and mostly not fear about the stock market...fear about "how am i going to make a living" or "pay my insurance" if i lose my job.. we have so much overcapacity as it is and even if business picks up there are literally millions of unemployed urban chinese who can do "your" job for a fraction of the cost. a jobless recovery is no recovery, imo. i'm technically "self employed" and it think i would be quite rattled if i were dependent on a corporate structure (outside of my own) for my livelihood. we are fortunate ones, indeed. (petrol...that was a wonderful post, btw) ok... back to our regular programming...your listening to station GLIB :)