Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Derivatives: Darth Vader's Revenge -- Ignore unavailable to you. Want to Upgrade?

To: Zardoz who wrote (223)	9/27/1998 5:26:00 PM
From: Enigma	Respond to of 2794

Hutch - Dow - I wasn't relating it to gold - only saying that it may be many years before we see the Dow through 10,000 or even 9,000 again. I was a broker in 73/4, and retired from the corporate world (at 46) in 1981 - the year before the Dow broke through 1,000 finally and it seems like yesterday. To me it is highly likely that the Dow has started on the long road down - maybe the quick road down - it has climbed so much in the last few years that it could retrace all of these gains. We are so pressured by propaganda from Wall Street who trot out all the gurus - Abbey Cohen - Peter Lynch on the Fidelity ads - that we sometimes succumb to this bullish stuff - almost like being threatened with hell if one does not believe in God - this is why I prefer the options route. By citing the Nickei at 34,000 compared to 13,000 plus today - I'm merely suggesting that if the Dow goes down to the 5,000 level - even lower, it will seem such a long climb back to 9 - 10,000. Whoever would have thought 20 years ago with gold at 850/oz it would be struggling to break through 300 now - yet in 2 years if it is at 600 we will not be able to believe what a bargain it was in late 1998. David Tice has an interesting article on the Hemmingway table (on lecafemetrepole.com) suggesting that the damage to banks etc., may result in a stock market which does not recover to recent highs for 20 years or more. It is entirely plausable - but the thing is that here is of course money to be made as always in markets - to state the obvious. E