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 : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Lucretius who wrote (206864)	11/26/2002 3:46:12 PM
From: Earlie	Read Replies (2) \| Respond to of 436258

Luc: I am serious my friend. The whole investment world expected a "crash" in October and of course it didn't happen. In relief that it didn't and spurred on by: - the Fed's recent interest rate shooting spree, - bubblevision's "bottom is in" crud, - the "sweet spot of the presidential cycle" theory, - the oft-quoted November-through-April positive market historic stats and, - the continuation of the refinancing binge, the market has been on a wild rocket ride to the stars. Unfortunately, many stocks now duplicate the Wiley Coyote caricature and are starting to notice the absence of anything but air beneath their feet. Delightfully, gravity is unrelenting in such circumstances. (g) I have humped a few "snorkle depth" positions right through this piece, and boxed a few others from time to time, but there is no level of discomfort with the Vaderian stance at this end. Not that I think it wise to try to call a "top" in the current madness as that would be as dumb as the actions we currently observe in the other camp. Delightfully for all bears, the remarkable heights to which trash has been elevated should provide us with opportunities to climb aboard for a nice piece of the middle of the coming slide. I for one have merely oiled up the old rifle and chambered a few rounds in anticipation as the thundering herd approaches the cliff's edge. (g) Best, Earlie