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Strategies & Market Trends : Asia Forum -- Ignore unavailable to you. Want to Upgrade?


To: Thomas Haegin who wrote (3332)5/4/1998 10:59:00 AM
From: Worswick  Respond to of 9980
 
Thomas buy the car not the stock. You can drive the car but in a few months no one will even "park" the stock.

I am now reading up on my "crash" literature of the 1930's and so many things are eerily similar here with today.

I had forgotten mostly that the market on Wall Street didn't crack suddenly. Between Jauanuary '29 and October '29 the market suffered a series of large "breaks". The bears surfaced like Jesse Livermore and his famous "bear raids". Will hedge funds and bears soon come oitut of the woodwork here. That will be a sign of "the second coming".

More importantly, as the rest of the world slid slowly into the ditch America became the financial beacon of the world: the city on a hill. To wit...Wall Street sucked in cash like it was coming from as far away as the moon.

Hey, maybe you should wait to buy a Nissan. If what we are talking about in Asia happens.... things might get cheaper and maybe a lot cheaper.

My best,




To: Thomas Haegin who wrote (3332)5/4/1998 11:03:00 AM
From: Stitch  Read Replies (2) | Respond to of 9980
 
Thomas,

BTW...its a pleasure to see your posts again.

Best,
Stitch