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Pastimes : What is Bill Doing Today ? -- Ignore unavailable to you. Want to Upgrade?

To: Bill Ulrich who wrote (78)	11/29/2004 4:26:18 AM
From: EL KABONG!!!	Respond to of 105

That's the most optimistic I've heard you sound in years I can't really claim to be optimistic. The bear arguments for a doom and gloom scenario make an awful lot of sense to me. Somewhere down the road, the piper has to be paid for the excessive debt loads of this country; personal debt, corporate debt and government debt. As a country, we simply cannot continue to spend money that we don't have. And opening up the Fed's printing presses is not a long term solution either. Something has to give somewhere, sometime. Everything is in the timing, of course. For right now, the best option looks to be to take your US$s and head to Canada to buy loonies for dollars. When things start to improve, you can then return to Canada and sell your loonies for more dollars than what you originally spent on the loonies in the first place. That plan appears to be amongst the best options available at the moment. However, everyone can see that. You won't be the first to trade dollars for loonies, and therefore there is a fly in the ointment somewhere, but no one can see it today. The last couple of years have been the toughest investment years I've ever seen. Growth stocks don't grow. Value stocks lose their value. And overvalued stocks grow more overvalued. Really tough to find something you can live with in that market environment... EK!!!