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Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?

To: Mike M2 who wrote (13562)	11/20/2008 6:41:21 PM
From: JLalbo	1 Recommendation Respond to of 50506

I very much dislike it when the "Talking Heads" say Doom and Gloom like it was a end of the world scenario. They just don't get it. It's not a matter of being optimistic or pessimistic, it is being "realistic"! Economic cycles of varying duration have always existed throughout time. Once this BEAR exhausts itself, a new BULL begins....count on it. It's life! Mankind made it through learning life's lessons in the 30's and todays generations will too! Most people are lost amongst the trees and can't see the forrest.......never will! Peter has been thinking outside the box for years! Albo

To: Mike M2 who wrote (13562)	11/20/2008 8:07:42 PM
From: SARMAN	Read Replies (1) \| Respond to of 50506

I wonder where Abby J. Cohen is.

To: Mike M2 who wrote (13562)	11/20/2008 11:50:40 PM
From: Mickey D	3 Recommendations Read Replies (2) \| Respond to of 50506

I have been following Peter Schiff for a couple of years. He has nailed this down fall. It is well documented in his books, website and every time he opens his mouth. He advocates buying and holding dividend paying foreign stocks and resource stocks for the long term. Each week on his call, he has to convince his customers not to worry about being down 50-60% and stay focused on the long term. Roubini is another one who has nailed the collapse. He says that he is a long term investor and has all of his money in index funds. My question is what difference does it make being right unless if you can't convert it into bucks? I find myself listening less and less to these guys. I know it is bad and I know that it is probably going to get worse.