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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: stockman_scott who wrote (55951)	11/2/2002 6:20:12 PM
From: Sig	Read Replies (1) \| Respond to of 65232

Re Bob Prechter: Bob walks into a forest and sees a lot of dead trees because of a 2 year draught. ( actually some are not dead, just in hibernation) So he says look," Its obvious this entire forest will die" (or 90% of it) In one way he is right, companies do change, industries do vanish, but new activites begin to replace the previous ones, just as trees mature or die and new ones sprout up in the forest to replace the dead ones. . He goes on to say "The ground is unstable, the rivers depositing fresh soil will fail, the trees will all die, and the draught will last 20 years" Do we buy this story? Howard J Ruff had a similar opinion, and if followed we should all be hoarding gold in a fallout shelter and starving because the pre-bought supplies ran out years ago. We've had some rapid changes, and will get some more. Stay loose and fight. Sig.