Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: stockman_scott who wrote (9467)	10/20/2002 7:45:39 AM
From: Sig	Read Replies (1) \| Respond to of 13815

<<<The Grandfather of Bear Markets>>> A very believable story which allows for that which what has been happening to continue to happen. That is, the volatility and bear rallies in a downward trend that may get severe. Plus the inclination to sell into rallies. And calling for a recession in 2003 or 2004 ( is it that late, what am I still doing here?) in the same manner as as bulls call for a recovery in 2003 or 2004. And thus a contrarian, which is not bad as its been a good position to have recently I like the point where recent Chinese industrialization may be a big deficit to the situation instead of a help, as many companies have said just wait until we expand overseas and we wiil really make some money. A dream that may not happen but sounds good when sold to investors. Still Coke and Pepsi and similar could do well. I would summarize the big problem as deficit spending, a creeping menace that has spread from Governments to the general public. Ford's debt is roughly $143 bil , mostly borrowed from banks for Fords credit facility which now runs at zero percent interest return.. Estimating 6% interest paid, it costs them $8. 6 bil/year while earnings were minus (-$4.93 bil) and dividends were $720 mm. Hey, we are losing big money here while still paying dividends ! .And an undefunded pension plan. The GM situation is not much different And these are the good times Sig .