To: Joseph G. who wrote (14637 ) 9/5/1998 11:34:00 PM From: Maurice Winn Read Replies (1) | Respond to of 152472
***OT Flame*** 'Chimp', having learned you to type proper, [you should all be aware that Joe is actually simian but uses a secretary to get photons off your screen in the right order] it is a little presumptuous of you to tell me how many degrees I need. Besides, I've never let my ignorance stand in the way of me holding an opinion. I'd also like to point out that you were one who absolutely refused to subscribe to my correct prognostication [big word to make up for lack of graduate degrees] that the Dow would reach 8000 by Feb 1998, way back in 1996. You were predicting a big, ugly decline. Since we are here to make money, I'm sure people would rather know who is The Keeper and who The Brother. Or, as the Chimp in the zoo wonders, pondering his circumstance and evolution, "Am I my keeper's brother?" Ramsey, even though the markets will set the interest rates in the long run, Alan Green$pan can move them heaps for long enough to do the job, which is stop any panic. When push comes to shove, he can always print another trillion or so as well, just to dilute the cash holders, which is an age old tradition, with no reason for the central banks to stop now. He was also wrong when he said that like bull markets, bear markets always end. He is wrong because, if you look back to 1900, the 20th century was one HUGE bull market, with the occasional lapse, most of which lasted only a year or two and the worst only lasted 5 years or so. The 1970s hiatus was a special event linked to a quadrupling of the oil price. So, expect the New Paradigm, which is far more than the boring old 20th century inflation driven bull market, to be back in gear any time soon. The most we are seeing with the current worries is an Asian property and lending mess, same as the USA had with S&L and NZ had in property and speculative 'investments' from 1984 to the bust and losses in 1987 onwards. Russia is a delinked special case, continuing the unwinding of the USSR - did anyone really think it would just take a couple of years? Brazil and those places are just joining the 'Diana' effect = globalization of emotion, in this case stock market fainting vapours. All the amazing technologies are still pouring off the production lines, leprosy is down by a factor of 10 in 10 years. Communications satellites are proliferating - with even N. Korea joining in. 6 billion* people are increasingly leaving wasteful socialism behind, sharing in the modern world. On and on it goes. With nothing to stop it. Of course a 10km comet would put a dent in it, but even those are coming under threat from people now. They'll have to hurry or 50 years from now, they won't get through Earth's force field. No doubt provided by Globalstar. New Paradigm Rulz looking good. Mqurice Dow 16000 Feb 2002. * 6 billion is a slight exaggeration, but it should be up to that soon enough. Some people worry that the population explosion will end the world. They should notice that women have control of conception and choose to have none, one, two or at most 3 children. Not even enough to replace people. A few have more [your humble servant has 4], but a population bust is more likely than continued boom as we [well, they, since I'm aging] go through the 21st century. They will all have a Globalstar cdma2000 Anita [TM] Weblink by Qualcomm Inc.