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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: russwinter who wrote (874)	9/20/2003 8:29:52 AM
From: loantech	Respond to of 110194

Bingo!

To: russwinter who wrote (874)	9/20/2003 10:51:50 AM
From: austrieconomist	Read Replies (1) \| Respond to of 110194

As with any short statement, mine on fundamental bears could and probably should have been qualified ad nauseum. If, for example, one's investment horizon is in the 5 year plus range, and if one is content and well enough capitalized to suffer through adverse bullish contra-trends of up to 30%, there is nothing wrong with taking a bearish short position based solely upon market valuations and economic fundamentals. That will be a winning position "in the long run". However, the "next 2% move" you identified as not being a concern has, since March, actually been the "next 13% move" based upon broad market measures, such as the DJIA. For myself, I don't want to suffer through that kind of loss by being short, even if it is a fly speck in the 5 year period I identified. And by no means do I infer that broad market measures would necessarily apply to your investment choices. Judging by your selections on your PM thread, they wouldn't. I do mean that my skills would be limited to and would likely track broader measures.

To: russwinter who wrote (874)	9/20/2003 12:32:09 PM
From: Silver Super Bull	Respond to of 110194

Just was watching "Cavuto on Business" on Fox. Cavuto had Jimmy Rogers on as a guest. I was stunned when Rogers delivered a scorchingly vitriolic diatribe against GE. Some of his phrases were very close to "GE is not a real company" and "it is an accounting game."