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"...close the door and turn off the lights?"
Dry humor aside, we as investors, speculators and traders, should OPEN MORE
DOORS and TURN ON MORE LIGHTS.
1929 is ancient history. The investment community is light years ahead of
where it was in 1929. Sophistication, new horizons and global markets
reign. The American financial markets are the envy and prototype of every
world-wide exchange.
Regulations and the strictest enforcement possible is in place as reflected
in my post of 6-6-02, repeated here:
"The following is from Jewish World Today, 6-6-02 - a great day in Freedom's
history.
"On this day in 1934, the New Deal swept through Wall Street, as President
Franklin Roosevelt signed the Securities Exchange Act. With the swoop of his
pen, Roosevelt sanctioned a set of regulations designed to rein in the stock
swapping shenanigans and duplicitous sales tactics that had riddled the New
York Stock Exchange (NYSE) and helped spark the Great Crash of 1929."
-------------------
1987? Black Monday? A serious event but truly and anomaly to the overall
pulse of the markets. And if you believe Gann "stuff", note that the Dow
recovered 50% almost overnight and went onward and upward from there.
--------------------
Turn off the lights? ALL STADIUM LIGHTS SHOULD BE ON! Long term as the
commercial goes... "I'm Bullish on America". Everyone else should be too!
----- Original Message -----
From: "Ian McVicar" <icm63@xxxxxxxxxxx>
To: "OmegaList" <omega-list@xxxxxxxxxx>
Sent: Friday, June 07, 2002 00:27
Subject: Repeat of 1929 or 1987 Imminent?
SHOULD WE close the door and turn off the lights????
What you think ?
Ian
PS : I am not assciated with this service, just thought its was interesting
LINK : http://www.jasmts.com
In one of Jim Shepherd's recent newsletters he pointed out that six of the
largest companies in America have now lost over $1.6 trillion of market
capitalization in the last 2 years, an amount equal to $5,000 for every man
woman and child in this country.
During that same time period the subscribers to The Shepherd Investment
Strategist have preserved their wealth while taking advantage of the first
of
several investment recommendations to deal with such an environment
identified
by his model. That first recommendation by Jim Shepherd has now grown
relatively safely by approximately 39% since late 1999 and new
recommendations
are on the way.
As an investor, you know that the temptations put forward by the financial
media enticing you to stay in the stock market have been almost
irresistible.
Jim's recent Special Report just released earlier this month on "The
Psychology
of the Markets" covers this. If nothing else you should take a moment to
read
this short but succinct outline of the pressures investors have been under.
Reading it may save you from making a similar error in the NEAR future. See
it
at this link: Psychology of the Markets.
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