To: Berney who wrote (3884 ) 9/11/1998 3:18:00 AM From: MonsieurGonzo Read Replies (2) | Respond to of 11051
Berney; RE:" Trick Or Treat " >What do you make of the real short potential of the 50 DMA crossing the 200 DMA? I look at these parabolic monthly charts and feel real sorry for the buy and hold types. IMHO we are not there anymore! You got to move or you are dead ! Berney, I am now fundamentally concerned. Investing and trading are losing their meaning to me. The money we are making is losing intrinsic value. We are witnessing not a reduction of equity valuations, but the destruction of kapital itself. ------------------------------------------------------- As the banks around the world and at home continue to collapse, more and more people will be withdrawing funds and frenetically seeking to put them somewhere, anywhere - where their intrinsic value does not decay (forget "earn interest " - just stop losing value ). In the end, all of these desperate measures will be for nought. To paraphrase Sartre: "...there is no exit " ------------------------------------------------------- ...I just posted this paragraph within a response to a trader on the TSO thread who was inquiring about trading in the frenzy to buy GOLD index options and mining stocks.Message 5721162 I'm sitting here at my console, Berney - in my little room upstairs, listening to the rain on the roof. There's a storm out in the Gulf somewhere, beating on the coast. I'm sitting here, and I'm thinking, "what has value ?" I have MadameGonzo. I have a house. I have no debt, save taxes. I have an education and a profession. I'm in the USA. I have some USDollars. I'm a lucky man to have so much... God, I hope that's enough. You know what's happening, don't you, Berney. You know what this is. Change... Fundamental Change. That's why I am fundamentally concerned this morning. That's why I'm so glad - I am not alone.Hit and Run , Berney; get what you can, when you can. Keep it somewhere safe . Make sure you always got an exit . love ya, dude -Steve