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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: _scar_face_ who wrote (27414)	1/13/2003 1:31:00 PM
From: GraceZ	Read Replies (1) \| Respond to of 74559

When something is working well I stick with it. Holding a select number of issues long is working and has been working since last July. The trick is to constantly weed out the things that aren't working, add to the things that are and then you find yourself with a port full of green positions. The last thing I'm going to do is try to tell the market what it should be doing. You think we're in a secular bear....I'm not so sure we're in a bear or a bull or even that it possible to tell what kind of market you are in. 1999-2000 looked like a bull yet a large number of issues were in a bear market and had been for years. Frankly what I care about is making decent return for the risk and buying those issues whose prospects are improving. If this is a secular bear, then I say, keep it coming because it's working well for me.

To: _scar_face_ who wrote (27414)	1/13/2003 1:59:59 PM
From: Maurice Winn	Respond to of 74559

<Historically, these types of markets have at the very least shown great ability to go sideways/nowhere for as much as decades at a time. > Historically, the US$ was attached to a gold standard, fixed and immutable. But now, Uncle Al KBE can pixelate as many $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$ [wow, that was quick] as he likes. In the old days, staying in after school and writing lines was hard work. "Write $ a million times on separate pieces of paper and dig enough gold to back each one of them" would be an instruction comprising cruel and unusual punishment. Now, "Pixelate another 20 billion of them" would barely get the servers warmed up and would take seconds [or maybe minutes] and be nearly effortless. $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$ $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$ $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$ $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$ $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$ $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$ $$$$$$$$$$$$$$ that lot was done just by holding down the key. But, with modern computers, I could cut and paste and get several computers on the job and in no time, there'd be wall to wall $$$s all around the world. There's no gold standard. The only limit on the pixelation process is Uncle Al's desire to maitain the value of the $ in relation to the median human's pay rate. $1 = 1 hour. At present, there are so many humans lining up for jobs in India and China and elsewhere, that the median pay rate isn't moving up and in fact, people are worrying about deflation. Which is silly because with enough $$$$$$$$$$$$$$$$$$$$$$$$$$$s being pixelated, there will definitely be inflation and deflation will not happen. Uncle Al just has to not get greedy with the pixelation process. Up to 3% inflation doesn't get people too excited and frightened and is just the profits of control. What has happened historically bears little relationship to what is happening now. All that's happened is that a bubble has been busted and the lack of profits has taken centre stage, replacing the metric of eyeballs as being the measurement of value. Wishful thinking is less common. Millennial madness and the Y2K cyberspace bug are now a memory. Some people are 2 years old and it was before they were born. "Dad, what's a Y2K bug?" they would now be able to ask. Well, in a few months they will. Mqurice Okay, printing $$$$s isn't as easy as I thought. I had to go back in edit mode and put paragraph endings so that the post didn't become one of those annoying huge long ones where you have to scroll way across to read it.