To: CYBERKEN who wrote (15141 ) 12/1/2002 9:07:08 AM From: dvdw© Read Replies (4) | Respond to of 19219 Sunday musings; As one who focuses on Fundamentals changing, I look for technologies next impact on the overall economy. For me Bear markets are capital rotations based on changing dynamics of fundamental direction. Technology has unique momentum characteristics that business cycles follow.You see these shifts in the period between the four year cycles they accumulate over 8 then 12. I believe we are on the verge of a major shift, not further incremental movement. I believe that there is an active Olagarchic element operating to script a future where as much of the total wealth of our society is managed through the annointed as possible, without drawing undo attention to itself so as to maintain the entreprenuerial level of the larger society at a high enough rate to allow natural selection to occur within a veiled but deliberate plan. On a purely technical basis, we are on the verge of huge changes in Energy, New materials, Systems integration of applied devices, computers & Software and medicine. I am constantly amazed at the rapidity of these movements in the physical world, yet the disconnect with the financial markets veils this progress in background noise. The markets from my point of view have become predominately the domain of those who see the forest but not the trees. Under these conditions, truth is difficult to find and even more difficult to act upon as the momentum of these forest painters, dictate that mistakes made in the proper allocation of capital to where it will supply the greatest return, is assured. Tradeing is distinctly different from investing. The % of buying and selling that matters is always the Investors share of the total pool. Where Investors go, is where the economy goes. Traders take short term calculations that blur the migration of investment capital. Yet it's the traders noise day to day that is the news, facts buried on pg 43 about changes in economics of a given market, dont make the news. IMO this is the oligarchs efforts to obfuscate or obscure business cycle directions so that it is only they who are positioned properly when the news via awareness of physical reality becomes undeniable. There is no time like the present to view the world bearishly. That is a mantra that is applied across our markets because seeing the forest completely makes for a wonderful picture to hang on a wall, it neatly captures at least half the facts. IMO it's the other half growing up from the forest floor, that surprises and deflects the modern view of the way things are. So once again, as always, it's the missing information that provides energy to our evolution, and allows those saplings to become the forest for some other picture framed perfectly at some future time.