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

To: TobagoJack who wrote (55366)	11/2/2004 1:14:57 AM
From: Maurice Winn	Read Replies (1) \| Respond to of 74559

<<<PS If it's time to head for the hills, I reserve my right to be first to panic and buy a LOT of gold, silver and anything else which I can hoard while I hide from the maelstrom. Any arguments I might have made to the contrary, I reserve the right to rescind.>> you will unlikely see me panic into Q :0)> Of course not Jay. Panic is when it's time to flee to safety, head for the hills, hide in the forest, cower in the cave, get back to basics, and defend the fort. Getting into Q is like launching space shuttles, taking a trip to paradise, buying a Lexus SUV, building a swanky new house, and generally being daring, adventurous, having fun and trying new and tricky things. That's for when one has some fat in the system, some risk capital, spare energy and can afford to be adventurous, creative and generous. When Globalstar bit the dust and it was time for me to panic, I wasn't buying more QCOM. I was selling it, swapping it for US$ and NZ$ and groceries. I decided to leave more of the New Frontier to somebody with a bit more in reserve. I prefer to avoid panic until it is actually time to panic. Then I like to really make tracks. Panic too soon leads to huge opportunity cost. Some people have sat in the gold cave from when they paid $800 an ounce quarter of a century ago [I suppose] and still the rapture hasn't arrived. They must be getting old. There was going to be The Great Depression of 1990, by Ravi Batra, who is still at it I see; usagold.com but that was as much a fizzer as Y2K [the computer bug]. Even the SI Great Financial Crash of 2001 didn't amount to much [other than for those deep in the Biotelecosmictechdot.com revolution] and 4 years on, we are still waiting [though possibly we are at the top of a dead-cat bounce, ready to drop down the other side]. I'm more worried about H5N1 and bolide-induced tsunamis than a large scale debt clearing. We will find out in due course what we should most worry about. Perhaps an unknown unknown rather than a known known or known unknown. Mqurice