In a message dated 8/20/2001 3:17:26 PM Central Daylight Time,
edick_at_idcomm.com writes:
> The Pres. does have quite a bit of influence on the market, and the market is
> the reason the economy is in the toilet at the moment. This particular
> president seems to be tailoring his actions to the fact he's going to take
> after
> his old-man and serve only a single term. In the meantime, he's routing as
> much
> cash to Texas as he can. I'm surprised the media haven't picked up on this.
>
> Nobody should have been surprised that the high-tech market tanked once
> saturation of the hardware market was reached, and once the market geniuses
> who
> pumped up the "DOT-COM" stocks finally figured out they'd been fooling
> themselves. The Clinton administration was able to forestall the
> correction yet
> to come, however, and the market, in several sectors, is WAY overvalued. I
> don't have much in stocks any more, having moved to greener pastures. I'd
> not
> be surprised to see a more general correction on the order of 75% downward
> in
> many market sectors, and unemployment figures into 20%+ for a decade or so.
> If
> you're into trading, I'd say look for issues that you can sell short.
>
> You're right in that the Pres can't FIX the economy overnight, but he can
> surely
> wreck it in a day or so.
>
> Dick
>
>
perhaps we should start heating up some molten iron for him?
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Received on Mon Aug 20 2001 - 15:28:58 BST