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Pastimes : The Big Picture - Economics and Investing -- Ignore unavailable to you. Want to Upgrade?

To: mozek who wrote (476)	12/2/1997 1:22:00 AM
From: Staff	Read Replies (2) \| Respond to of 686

I was just being my sarcastic self... no harm intended beleive me.. The herd mentalitiy on Wall Street and in the S&P pit is nothing like I've seen since the Silver days of the Hunts that I often refer to. Will never forget... limit up 11 days in a row and then limit down that and more. Its called a blow off and I can smell it right around the corner. Man... those where the days... its really going to get nuts before this all washes out... Hey..If I missed the sell in the S&P by 200 pointsit's no big deal! If the Big Kahuna hits... 200 points will be the last 15 minutes in the day during the panic :-D As per gold.... Gold reminds me of trading pork bellies. The smartest and best belly trader( Joe Greenberg) told me his secret one day many years ago. He said kid... when bellies trade under 35 buy them... when they go over $1.05 sell them. The rest is just passing time.... His point was supply/ demand. At 35 nobody raised hogs anymore. No supply even though demand was constant. Thus... the price rose no matter what happened..Vice versa on the above... just to much supply.. As per gold... Under $300 denero's for gold its just a matter of time before mines just plain shut down. I cound not care boo about demand. No supply and constant demand and it will rise no amtter who sells what.. Trying to pick the absolute top and bottom is for suckers. I'm a sucker so I don't try:-) Just get me within 10%. I'll take 10% every year for the rest of my life... I think we are within both in gold and the S&P. Have my money where my mouth is and I look wrong as H@ll today but tomorrows another day isn't it!!! As I learned long ago... it always looks bleekest at the bottom and the best at the top... time will tell but I like my odds...just looks to easy to be a buyer in here for stocks... casino's don't get built by thye general public going with what looks obvious at the time do they? for the new breed who think its different know... your right so far..congrats!!!! just rememeber... making money and keeping it are 2 seperate things... ... you won the battle today but what pays the bills is who wins the war as it where. Its going to be a good chess game agreed before the game is over... May we all win if we can...the fun is not winning or losing but playing and living to tell about it I guess .:-D today is history and tomorrows the mystery as they say... Oh if we only had tomorrows paper today just once hugh?? Personally I thin those that bought into this uphoria arer juggling nitro at these levels..but then.... I could be wrong:-D Guess thats what makes the markets the markets.... Good luck to all and lets se what shakes out the rest of the week...