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

To: J.B.C. who wrote (10471)	10/30/2002 1:23:26 PM
From: J.B.C.	Read Replies (3) \| Respond to of 57110

OK, I've taken my lumps from various people. Yeah, in some areas the economy sucks. Have we seen the massive pain that was predicted in comparing this market to 1929. No, it always seems to be right around the corner. Two weeks ago IBD printed an article from WSJ that was printed AFTER the market bottomed in 1932, it was filled with gloom and doom. When I hear 6.4% unemployed, I think about the 93.6% that are employed, as ever an optimist. The employment pages may be thin, but guess what, a recovery starts there, not with 20 pages of ads chasing few available resources (that's a top not a bottom). For those offended that Rush Limbaugh cited an article about record bonuses, my apologies. But, note this; he cited it, he didn't write it. So I have to ask myself with the economy "this bad" why are record bonuses be given out? I've seen a lot of green at the bottom of this page for the last several weeks. Yeah I know the Government is pumping money in, and that's what Greenspan said (when he was a college student) he would do if he was in the winter phase of a Kondratieff cycle. Does consumer debt matter? I don't know, but this much I know, consumer debt has been an "issue" since I was a kid in the 60's. So after 40 years of predicting it, the experts are now right????? I also read somewhere a few years back that the debt number was extremely inaccurate and didn't take into account a lot of factors, so what's true? My only point is addressing the possibility that we might be near a bottom, is that not the point of having discussion, having the other point of view made. All I know is that the screen below is green, again , but I'm just a dumb engineer. End of rant. Jim