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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: J.T. who wrote (16109)	2/7/2003 3:25:15 PM
From: High-Tech East	Read Replies (2) \| Respond to of 19219

J.T. ... I happened to turn the sound on CNBC just now, which I almost never do ... and a thought came to mind: Where did all of these "talking-male-heads" on CNBC ... the announcers, guests and especially brokerage house commentators and writers learn how to lie so flagrantly, easily and believably ... I did not know there were courses in such behaviors in our MBA programs across America. ... an example using "The Wall Street Journal" this morning ... February 7, 2003 9:08 a.m. EST Unemployment Rate Declines Amid Sharp Rise in Payrolls WASHINGTON -- The unemployment rate unexpectedly fell last month as payrolls jumped by the biggest amount in two years, suggesting that the ailing labor market may finally be stabilizing. The unemployment rate fell to 5.7% in January from 6% the previous month, the Labor Department said Friday. Nonfarm payrolls increased by 143,000 jobs -- the largest rise since November 2000. That partly reversed December's 156,000 revised drop, which had first been estimated as a decline of 101,000 jobs. __________________________________ Notes I have added: (1). With the negative revision for December, net job growth for December-January is negative 13,000. But no focus on that from the media. (2). Does anyone seriously believe that the unemployment rate is anywhere near as low as 5.7%? ... unfortunately, this will be abundantly clear before the new leaves fall from the trees this November. (3). Part of the truth of what investors really believe will show in how the Dow, Nasdaq and S&P close today. My bet is we will finish with negative numbers. Ken

To: J.T. who wrote (16109)	2/9/2003 10:07:47 PM
From: High-Tech East	Respond to of 19219

... as President Ron R used to say ... "sheesh, there you go again" ... <g> Just my opinion ... from the very limited amount of brain-power and intellect that I possess ... <g> If you plan on retiring in the next 20 to 30 years (and much more urgently, if it will be in the next 5-15 years) ... get your retirement money OUT of investments in the United Stares and Europe NOW ... including all mutual funds and bonds, unless they have a major emphasis in developing regions (especially southeast Asia and China) and commodities ... the economic problems in the U.S. and Europe are just beginning (hard to believe, I know) ... and that has nothing at all to do with whether we go to war in Iraq or not. Obviously, this is only my non-professional and semi-literate opinion ... <g> ... I am not trying to scare you ... [sure sounds like it though, doesn't it] ... <G> Money in US Treasuries, cash or gold ... even if you just stay even or gain some, is much better than losing 50-80% of the value of what you have for investment assets now. The US and Western European economies are in serious trouble going forward. I will be happy to have you RUB this in my face if I am wrong ... I very much hope I am wrong. But what the f___ do I know ... <G> Ken Wilson Read the new book, "Tomorrow's Gold" by Marc Faber.