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To: bob wallace who wrote (1491)5/19/2003 3:39:01 AM
From: Chris McConnel  Read Replies (1) | Respond to of 1822
 
>> I don't know what the heck I'm going to do when that decline comes!

Ahhh, you could sell! :) Selling realy is the hardest thing to do. Good luck on your portfolio, Bob.

Norman maybe right on the stock market, but he sure was wrong on the dollar/euro (or was he just early! -VBG- ) The dollar is down again in overnight trading. From reading through his writings i get the impression he relys heavily on sentiment (like parsing the news), almost the exclusion of all else. I think that is a dangerous. Especially when playing counter-trend the way he was on the dollar. And his dismissal of the current account deficit is also troubling. But i guess that's what being a contary-economist is all about, point out how full of BS the rest of the economist are. Dismal science, indeed.

-Chris