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

To: TobagoJack who wrote (47815)	3/29/2004 7:19:55 PM
From: tom pope	Read Replies (1) \| Respond to of 74559

I am thinking, 'do I terribly mind if THEY manage to ramp the QQQ to 50?', and I say 'not really' Well, your '06 puts will be a lot cheaper then, and the delta will be more forbidding. Don't get me wrong - I'm looking at those puts too, and own some '05 35's. But timing is everything, isn't it? At 50, I'll jump in with both feet. And buy the 50's. They're currently ask 14.60 (says my quote machine). The 35's are ask 4.40.

To: TobagoJack who wrote (47815)	3/30/2004 2:38:34 AM
From: Haim R. Branisteanu	Read Replies (3) \| Respond to of 74559

Jay I am on the same wavelength but was not in agreement with the timing. After such a huge ramp up it takes time "to smell the roses" IMHO unfortunate in the present economic war it seems that the US won and it is sad because the war was about reckless spending initiated by the US FED and our administration and not about creativity manufacturing and savings which are the underpinning of a sound economy and prosperity of any society. The present monetary policy is to rob the elderly of their savings and plunge them into misery by not adjusting their pension to the exponentially rising cost of medication and health care and cutting well over 60% their income from their savings. It is criminal and the administration knows it. Unfortunate many CB's around the world caved in to US demands of lowering rates and I only hope that the ECB will not be lured in this reckless pursuit initiated by the US FED. To the real world 1% or 2% interest rate does not change a lot in the profitability of a viable business but cuts by 50% into the interest income of the elderly. The problem for economic growth are not FED interest rates or other CB interest rates but the huge spread that commercial banks charge and the lack of true competition in the banking sector after the US Congress destroyed many safe guards etched in laws after the 1930 depression. New laws must be enacted world wide including to limit the size of commercial banks to below $100 to $150 billion in assets and by this spur competition and diversify risk of the FDIC insurance. There is no justification that the spread on bank lending rates should be double that of inflation, no wonder their profits are huge and productivity is badly lagging subsidizing clue less and lazy bank officers, at a time that their management take home compensation of unchecked bank robbers