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Pastimes : Home on the range where the buffalo roam -- Ignore unavailable to you. Want to Upgrade?

To: pbull who wrote (13678)	6/3/2005 1:35:26 AM
From: pbull	Read Replies (1) \| Respond to of 13815

<OT> Went on vacation last 2 days, made a short road trip, spent the night out of town, felt like I needed to get out and take a look around. Actually looks OK out there, despite reports to the contrary. Housing market in SW Missouri/NW Arkansas firm to higher (as they say on the radio during the cattle report). Housing prices for newer homes were up 14% in Q1 in Springfield, older homes are not appreciating at all. Labor market generally in balance, zero growth in wages to slightly lower, unemployment very low in the large cities, higher to much higher in small towns. Gasoline steady to firm, trading at $1.87 to $1.94 most locations. Like I said, spent the night at a motel. There was a guy there in a new red Ford F250 with Texas plates who had a piece of equipment on a trailer. I get up early, but he was already long gone by daybreak. I can't trade this market. I can buy it, I can short it, but I can't trade it, unless it's tiny. If you ever get up this way, let me know. There's a place called Lambert's in Ozark, MO, about 7 miles south of Springfield. I'm buying. Order whatever you want and then get free fried potatoes, fried orka, hot rolls and molasses, all you can eat. They just started, they've only been there since 1942. PB

To: pbull who wrote (13678)	6/3/2005 1:46:54 AM
From: Sig	Respond to of 13815

.<<Traditional blue-chip growth may never run again in our lifetime, imo.>>> Traditional meaning stable prices and values related to performance I assume.? No, we cannot have that. The game is to make it so uncomfortable for individuals to invest that we all must turn to brokers , funds, and 'experts' to handle our equities without our succumbing to worry and ulcers. Funds and fund managers do not lose any sleep over losses they cause the public. The Street and paid analysts will keep the churn going and they get better and richer every year. If people bought a stock and knew they would make 8% consistently the government and utilities would have great difficulty selling bonds. Now about the market itself.... Things are looking very good. The Dow and Nas are just where they ought to be, under my assumption that the Administration prefers these present levels. When averages drop, they seem to come right back up given a bit of time (months) The US is having no problem holding its position as the worlds leading economy and a safe haven for money or investment. Despite the Kenneth Lays. despite the Presses negative comments on Iraq and casualties, despite the Tsunami, despite the utility problem in California, despite the $55 oil. Despite a housing bubble with worries about a potential collapse And each day that the market can hold its own and companies can report growth, more confidence returns to the investing public. Spitzer is demonstrating control over crooked companies and distorted financial reports. The day that Greenspan stops raising interest rates ( or at least stops talking) the averages should make significant progress. Sig It was sure nice of Greg to set up this Thread and permit voices to be heard (g)