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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: bentway who wrote (361627)	12/6/2007 1:50:04 PM
From: RetiredNow	Read Replies (1) \| Respond to of 1574249

Maybe, Chris. I do tend to be an optimist. However, even with all the economic malaise reported in the news, and all the prognostications of doom and gloom, I still find my portfolio up 9.4% this year. And btw, I've only made 3 stock purchases this year and have not sold any stocks, mutual funds, or bonds. So it's not due to aggressive day trading, shorting, or options games. So maybe my portfolio holding up well this year is giving me too much confidence? But more likely, it is because my portfolio is reflective of the broader economy in its diversification. Therefore, it is free of the distortions that the press has on the true economic picture. It's something to think about. The economy is actually pretty strong, notwithstanding what the press says. Just take a look at recent publications on jobs created, and GDP and Factory Orders upside surprises. Also, take note of subdued inflation despite the raging deficits. Those are all good economic indicators, if you care to sift through the loud presskit B.S. and get to the truth. I have no doubt we're headed for a softening in the first half of 2008, but I doubt there will be anything catastrophic like a Panic of 2008. That's just financial hype. Does he have a book about to go on sale?

To: bentway who wrote (361627)	12/6/2007 4:46:46 PM
From: tejek	Read Replies (1) \| Respond to of 1574249

You think DJIA 13,506 is a "bottom"? I think it's guys like you that are propping it up! But, another of you is lost every minute. Both the Naz and the Dow are above their 50 DMA. Technically, that's an important move. Secondly, the markets are finally albeit slowly getting their arms around the subprime debacle. Had it not been for the subprime mess, we would not even be worrying about a recession. The rest of the world is still booming. Europe has slowed only a bit even with the US housing market in the toilet. So long as the contagion doesn't spread to the rest of the world, and I think it would have by now, we should wobble our way through 2008. My next big worry is getting past the Olympics next summer and what that does to the Chinese economic juggernaut. Like I said, you might want to start picking up some stocks.