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To: Michael P. Michaud who wrote (5138)2/7/1999 8:44:00 AM
From: RocketMan  Read Replies (3) | Respond to of 29970
 
This is what I think ahhaha is saying:

1. The world economy is in shambles.
2. The US economy is artificially propped by creeping socialism and the Fed' pumping.
3. (2) has been artificially propping (1)
4. The average investor is a fool and does not see (1)-(3).
5. Pros know (4), so they manipulate the market so that the average investor remains a fool while they slowly bake him like a lobster.
6. The bears came woke up last summer but AG opened the monetary flood gates and lulled us back into euphoria.
7. The bears are coming back and this time they are really pissed, not even AG will be able to hold them back.
8. The average investor thinks they will be getting rich off stocks with unsustainable valuations.
9. These will be the first to fall.
10. The market will drop 50% to 90% and we will all be selling pencils and apples on the street like in '29 or maybe opening up www.pencilsand apples.com

This, IMHO, is ahhaha's Terrible Truth.

Not incorporated in the above is an explanation for, or incorporation of the mitigating effects of:

- low inflation
- strong job growth
- budget surplus
- social security
- strong 401 investment programs, not the 10% margin stuff from the 20's
- dramatic improvements in productivity
- evolution to an information-based economy
- signs of Asia bottoming out

But then, I'm sure future soliloques will include all of the above and more.



To: Michael P. Michaud who wrote (5138)2/7/1999 12:16:00 PM
From: David Harker  Respond to of 29970
 
I do listen to Ahhaha, w/ great respect. I agree he is
very tuned in. I've learned much from him, I feel. I read
every one of his posts, and have for a year (I first bought
ATHM in Jan '98).

However, I'm tired of empty, vague, threatening
proclamations of 'debacles', etc. He has already admitted,
many times, to enjoying the "playing of games" (my words)
on boards like this. He likes to hint at things. I'm
tired of that.

Anyone can say "the economic state of the world will
collapse" and if at some point it happens, they can
claim "I predicted this". Some people have been saying
for years "This bull market will end, soon" and yet
it keeps going - they are wrong. At some point, if/when
it does end, they will say they were right. That is
bogus. People who really know the future (ie, no one)
can put dates on things. If they are just guessing (which
is the most ANYONE can do) they should not act like
they have THE Crystal Ball.

I'm not the only one asking him to lay his cards on the
table, and after all the proclamations he has made, it is
no out of line to ask our thread's Wise One to do so.