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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: Jim Willie CB who wrote (20669)	10/25/2002 12:43:08 PM
From: SliderOnTheBlack	Respond to of 36161

o/t ["did you wear a beer dispensing helmet to games?] Technically speaking, "did" is past tense. So given I both did and still do (as a direct result of the University's recent anti-Tail Gate legislation...and ya' gotta have something to keep yourself well hydrated during that 1 mile+ walk from RV Parking to the House that Knute & a few Hundred Million Alumni $ Built" - then I guess my "final answer" would have to be "no"......Cheer, cheer for Old Notre Dame...Wake up the echoes cheering her name ~ PS: ...they actually used to call me "Sparky" by the way...back in my College Daze fwiw.

To: Jim Willie CB who wrote (20669)	10/25/2002 1:09:18 PM
From: nspolar	Read Replies (1) \| Respond to of 36161

Roach on the dollar and interest rates: "Turning to the U.S. interest rate trend and the next policy move, Roach said he did not think interest rates would keep going up. The risk of deflation in the United States was greater than that of inflation, and a double-dip recession was more likely than a vigorous recovery. "I do remain bullish on interest rates, with possibility of the Fed next move to be an aggressive easing rather than a tightening," he said. reuters.com

To: Jim Willie CB who wrote (20669)	10/26/2002 12:45:08 AM
From: SOROS	Read Replies (5) \| Respond to of 36161

Man, reading the comments on this board sure makes one think the bulls have finally bullshi%%ed the bears. It seems 98% of both sides now believe that the market trades ONLY on sentiment and fundamentals mean NOTHING. That is okay for some of the time, but read the comments here. They actually believe that fundamentals don't now, nor ever will, be related to making money in the stock market. Truth means nothing anymore -- in most people's minds. But I have news for them. It will, and a lot of the people who have given up on gold and PE's will have their heads handed to them. Everyone keeps saying, "this is the worse bear market since the depression." Baloney! Only in terms of length perhaps. By 1932 the Dow was down like 80%. That's not the significant thing. TWENTY years AFTER this, the S & P was selling at less than 5.5 (that's FIVE) earnings and the dividend yield was OVER 7.5 (that's SEVEN) percent! Another bear market that bottomed near the mid-1970's had a PE of LESS than 7 (SEVEN) and a dividend yield of OVER 5 (FIVE) percent. Even by 1980, the PE's did still not reach 7! Where is this "most terrible of bear markets" today? A PE of about 30 and a dividend yield of UNDER 2.0%!!!!!!!!!! Those whose jobs depend on the stock market are once again manipulating the SHEEP until they "believe in the market" no matter what the true figures are. It just surprises me that some on this board, which I consider to be one of the more intelligent ones, seem to be buying this garbage also. How much economic activity has been lost in the past several years in the USA? China sells us just about everything now. Have you looked into getting some software written lately? INDIA, for crying out loud, not only is selling us stuff, but they are even selling us SERVICES and INFORMATION -- the ONE thing America claims to have a lock on! If the US can't even maintain services in technology and biotechnology, she is in severe trouble. The TRUTH is, there is ONLY ONE THING holding up this HUGE dropoff in economic activity -- DEBT! Everyone is borrowing to the hilt. The auto companies are almost forcing people to buy cars they don't need and soon, won't be able to afford. People are getting approved for home loans who never would have qualified before, and others are getting them at near ZERO equity. The car companies are setting themselves up for disaster, just as the airlines already have. How long can the airlines lose millions and millions before NO ONE is willing to give them diddly-squat on a bond issue -- not if they are "paying" 25%. The government is so stretched now, does anyone realistically think they will be able to bail out the airlines, then the auto companies, then the banks and mortgage companies once loans begin to default???? The biggest Nasdaq companies are bleeding red ink like there's no tomorrow if they have to expense options. The crookedness going on in this area is dumbfounding. These companies which the SHEEP "trust and believe in" take money and buy back stock, then give it to the management through options at a fraction of the price they just paid -- and this is NOT expensed!!! Is anyone listening? They make an actual LOSS appear as a gain. And they do it while laughing and getting rich off the SHEEP while CNBC (one of their PR arms) cheerleads the SHEEP on. When options have to be accounted for, and the pensions (which don't have anywhere near enough money anymore to satisfy their obligations) have to be made whole, does anyone honestly think that the RIDICULOUS PE's even today will be sustainable? Even if earnings skyrocket (which they won't), the PE's (after options and pension adjustments) would probably still rise. People make fun of Puplava and Sinclair. These guys are one of a few who have the guts to try and tell people what is going on, but they get laughed at as "extremists". The dollar strength is a joke waiting to implode. Debt is on the brink of crippling the consumer, corporations, and the government. People are beginning to pull out funds from the mutual fund crooks. Foreign investment in the US could dry up any time. The airlines and then the car companies are on the verge of causing a problem that can't be taken care of. You've got JPM and other derivative time-bombs just waiting to explode. And you have a tenuous situation, at best, in the middle east and around the world. Am I the only old fart that can see the writing on the wall? Is everyone so narrowly focused with a "trading" mentality that they can't see what is coming, or worse, don't even care? I talk to people and they look at me totally confused. They are only concerned with their next meal or making their next payment. I'm getting tired of wasting my breath, just as you are, I'm sure, Jim. Even the semi-smart ones feel like they can flirt with danger and not get burned. They will have plenty of time to figure it all out. I'll bet this bear takes out 98% of ALL participants before it's over. I'm going to take another pain killer. I remain, SOROS