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


To: Mary Cluney who wrote (48155)4/7/2004 10:22:53 AM
From: TobagoJack  Respond to of 74559
 
Hello Mary, welcome to the discussion. I was wondering when we might engage again Message 19996642 <<April 7th, 2004 I am wondering … from which direction Mary will approach >> :0)

<<permabears are losers>>
… I have no argument with this statement. Question, do you consider me a permabear? And Fleckenstein?

<<don't fight the Fed>>
… I have no argument with this advice at this time, as I believe the FED means to do exactly as they say, to cause inflation and to pulverize its own currency. I also believe Maestro Greensputin when he advises on the deficits, debt, but not so much on the adjustable rate mortgage (although I think rate may stay low for a considerable period longer than folks have patience for).

<<How can you enjoy your wealth when your wealth depended on the sufferings of all those that have lost money?>>
… I tentatively think the answer may in some way depend on whether those that have lost money deserved to lose their money or not. Take the Bre-X investors for example, did they deserve what they got? What about the folks who are shelling out umpteen million for a wooden house without view in a neighborhood full of similar looking and equally leveraged houses?

<<… if you have a choice - choose optimism, choose life, choose the silver lining even when things are going badly>>
… do you think I am doing otherwise foolishly? Do you believe I am a pessimist who is unable to see light in pitch darkness?

<<… people who run things - people who actually hold power>>
… although I am working on various schemes where I might get to run things, I am not sure it’s the way to go unless it is fun, and so we shall see.

<<What a shame, with all the intelligence you guys have, you waste it sitting on the side lines with severe cases of cutting edge Cynicism>>
… well, we don’t just sit and waste time, we also play Unreal Tournament while taking a rest from sitting Message 19993211 , before getting down to seriously wasting time :0)

<<Ending on a more positive note however, you guys do no harm, provide a certain amount of humor, and occasionally deliver terrific insight - providing that we are diligent enough to uncover them.
By all means continue doing what you are doing>>


… so, all in all, at the end of some days, worthwhile enough to earn a thumbs up? Great!

Thank you much,

Jay



To: Mary Cluney who wrote (48155)4/7/2004 10:57:17 AM
From: who cares?  Respond to of 74559
 
You tell em sister, bears is stupid. We'd still be living in caves and having dino burgers if everyone was bearish, bullish is the only way to be, 4evar.



To: Mary Cluney who wrote (48155)4/7/2004 12:06:56 PM
From: Seeker of Truth  Read Replies (1) | Respond to of 74559
 
Hello Mary,
Permabears obviously won't make much money in the long run.
Fortunately for him, Jay is no permabear. He is most enthusiastic about what he likes. That happens to be precious metals and hydrocarbons right now. In the past he was delirious about Softbank, in which I myself quintupled my money after capital gains tax(1.5-2 years, approx.)
I share his current enthusiasm for gold,hydrocarbons,and coal. Incidentally he does not much share my own enthusiasm for real estate shares. What do you like?
Most pathetic are permabulls. I hope and trust that you are not of that sort.



To: Mary Cluney who wrote (48155)4/7/2004 12:14:10 PM
From: energyplay  Respond to of 74559
 
Perma Bears have not done well in US markets. Story is differnent in some other markets. To the degree that the US changes with lower population growth, higher governmnet spending for non-productive activities (PC training vs. building interstate highways, for example), that could change.

Long/short have done pretty well.