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Gold/Mining/Energy : At a bottom now for gold? -- Ignore unavailable to you. Want to Upgrade?

To: ahhaha who wrote (1698)	9/24/1998 7:07:00 AM
From: Bobby Yellin	Read Replies (1) \| Respond to of 1911

I rank the three psychological motivators in importance(not including need for power or control) as fear, greed, and then envy. Fear of job loss is much greater than envy in my book. I would think the morale of most workers is at a low since corporations have only been thinking of the shareholders in practically all cases. I don't agree with you. Unions no longer have their former power and most people past 27 remember just a few years ago how it was so difficult to find work..so many workers now work so much harder than they did in the seventies. I hear quite often how higher paid workers are being replaced by lower paid workers. Truly believe a structural change has already occurred with the middle class now ressembling a rat which is shocked to keep on running through a maze or on a neverending treadmill with no social security in sight. The small world effect has greatly added pressure to wage bargaining. I wonder how many programmers in India are now doing the work that programmers in the USA used to do. Internet commerce is growing exponentially and is forcing even much more competition. Again,if you pay attention to details(which I find boring but necessary) keep on checking news for layoffs versus hirings..the old supply and demand plus retail sales as a gage of consumer confidence and purchasing ability.. Re oil: that will have to make a dent in corporate profits once the price starts rising..have a feeling that our government wants oil prices to rise..to prevent further meltdowns in the demerging countries. Your reference to government decree is not the issue I was talking about. Don't even think this Fed had it to lose. Greenspan has backed himself into the corner big time. If the G7 made a coordinated effort to create higher margin requirements on all the currency and derivative plays, I guess there would be hope that the world economy could wait until Japan started back on road to recover. Don't think they will so now I am expecting the bubble in stocks to reach the popping stage in the next leg up which might easily be meteroric and then enough people will get hurt that new officials will be placed in a charge and new mistakes will be made. ps. I have been learning great lessons from friends who have recently arrived in this country and who have a work ethic rarely seen and who see what I formerly viewed as givens as luxuries.