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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: pezz who wrote (45363)	1/29/2004 4:42:27 PM
From: TobagoJack	Read Replies (3) \| Respond to of 74559

Hello Pezz, Today’s Report: I woke up at 4:00am local time, tap into the last hour of trade in your East Coast 3:00pm, fired up my portfolio tracker, and was nearly paralyzed by what was happening. Most of my dividends paying royalty trusts were down by between 2-5%, and physical gold was below USD 400, the ‘Regret Price’ of dailyreckoning.com (the price at which they wish they bought more). Shaken, not stirred, I first gave thanks that I had unloaded my shipping shares and trust, and then I purchased my first dollop of QQQ 2006 Jan Put strike 37 @ USD 4.40/contract. I will look at buying some taels of paper gold when Asia market opens. I do not know what I am doing, and am a simpleton in most activities. I am figuring the talk of FED discount rate increase is just and only that, to scare the bold and scam the rich, and the program is still to reflate, at all cost, but ideally not at the cost of the Dollar, and it will succeed, not to reflate anything worthwhile, but to scam the rich, ph*k the poor, and soak the stupid. Should discount rate be raised, it will most assuredly succeed in massacring the equity market, devastating the housing space, pulverizing the bond territory, and as a second derivative, expose the ugliness of official, corporate and private balance sheets, all requiring more mob electorate bailouts at the cost of the same crowds, spiraling the USD once more, from Earth to Mars. If so, all nations around the planet will follow the lead and print, taking the opportunity to wash away past sins, in concert, forcing the rise of stuff that is worthwhile. Perhaps. I do not know, maybe events will work out OK, as in discount rates rise a little, USD stabilizes, inflation of housing continues, deflation of goods stops, jobs become plentiful, and debts gets inflated away without consequence. Chugs, Jay