Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Joan Osland Graffius who wrote (99469)	7/20/2003 3:28:40 PM
From: Tommaso	Read Replies (1) \| Respond to of 132070

You know, Joan, it was quite clear to me in 1999-2000 that the stock market had to come down, but what is going on right now is so weird that I don't feel at all confident about outcomes. I mean, the low interest rates and the large increases in the money supply, and so far not much real inflation except in special areas (medical costs, private education, vet bills). BTW, I had an order in to buy some RYURX and canceled it because I realized I could do the same thing much more flexibly by just shorting SPY in a well-margined account. I have kept adding to the BEARX in our IRA accounts over the last few weeks. I guess one thing I do have confidence in is energy stocks and especially the Canadian royalty trusts. There are tens of millions of people who have the money to pay higher heating and electric bills. I mean, for many people a one-month electric bill is about equal to what they would pay for one night in a motel or for a dinner out for four to six people. All you have to do to pay your electric bill (if you have that much income) is to stay home, sleep in bed at home, and buy a chicken. So I can see a lot of money flowing into energy.