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To: Win-Lose-Draw who wrote (228564)3/17/2003 1:56:29 PM
From: yard_man  Respond to of 436258
 
>>if it can't outlast the economic cycle<<

if "it" is really going on (I am inclined to believe) -- the current practice will not survive the economic downturn because the tactic will fail. All "intervention" tactics do at some pt and we are much closer to that pt than most think is possible ...

calls are fine around times of uncertainty given the volatility you see in a bear market -- but wholesale long here is totally insane, IMO.