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

To: TobagoJack who wrote (61554)	4/3/2005 8:11:55 PM
From: Maurice Winn	Read Replies (2) \| Respond to of 74559

Jay, the Great Financial Collapse of 2001 wasn't just meant to be a Biotelecosmictechdot.com implosion, which was well underway before this stream started flowing in October Y2K. Check out the Dow graph over the past 100 years - the current dip is nothing out of the ordinary. It's just a leveling out which happens from time to time. The drop from 10,500 at the start of this gloomster and doomster discussion in October 2000, to 8,500 in 2002 is only about 20%, which is nothing out of the ordinary. That has been the annual variation forever [with some bigger crunches at times]. The Biotelecosmictechdot.com crunch was disaster for those involved in that narrow sector of the Global GDP, such as wildly enthusiastic Globalstar and Global Crossing fanatics who bought "bargains". But that was a relative few around the world. Of course, as you write, it's better to be spot on, time after time after time after time, catching every twist and turn which exceeds the bid and ask difference. Good trick if you can do it. Day traders tried. They succeeded in an increasing market. They failed in the decline and we hear nothing of the glories of day-trading now. I am delighted to have brought mirth to your day. I hope I didn't cause you to fracture your jaw laughing [I don't think you can sue me in NZ for what you read in HK]. Mqurice