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> From: charles meyer <chmeyer@xxxxxxxx>
> To: kevinmoran@xxxxxxxxxxx
> Subject: Re: sentiment - a contrarian indicator??
> Date: Thursday, February 18, 1999 7:27 PM
>
> Kevin:
>
> I have a better gloom and doom article to which I would like to call
> your attention: 'Dead Sea Scrolls Predict 2nd Great Depression".
> .....American's richest men will be selling apples on the streets.....
> Silver coins will become worthless......Banks will close......A billion
> people will be penniless......
>
> The author of "The 2nd Great Depression", economist Dr. Frieda Rastelle
> maintains that the dead sea scrolls predicted the 1929 depression.
> Time horizon? "The coming crisis will strike in May or June of 1999".
> Source of above information: "Weekly World News", February, '99 issue.
>
> Uhhhhh....Swiss Bank A/C denominated in Swiss Francs anyone?
>
> Regards,
> Charles
> ----------
> > From: Kevin Moran <kevinmoran@xxxxxxxxxxx>
> > To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
> > Subject: sentiment - a contrarian indicator??
> > Date: Thursday, February 18, 1999 7:08 PM
> >
> > On the topic of sentiment:
> >
> > Next time you are at the grocery store, look for the Sun tabloid
(U.S.).
> > I am not a regular reader, but I couldn't help notice the headline
> > "MONEY CRISIS ALERT - BIG STOCK MARKET CRASH BY SUMMER".
> >
> > Inside they have Greenspan made to look like a puppeteer - "Meet Alan
> > Greenspan: The Man Who Plays God With Your Money". Allegedly there have
> > been people who "have accused him of witchcraft."
> >
> > The story itself is based on the most sensationalist comments of
someone
> > named Arthur T. Dale, "Wall Street economist and political scientist".
> > He cites a "deadly deflationary spiral...resulting in a depression and
> > economic disaster on a worldwide scale." The Star interprets his
> > comments (in capitals) as "THE WHOLE DARN WORLD IS GOING BUST!" Looking
> > at the ads, as well as the articles, is generally a good way to get a
> > fix on the audience of most periodicals. Clearly, the average Star
> > reader has a strong belief in the supernatural/phenomena (astrology,
> > UFOs, many ads for psychic readings) questionable (miracle) medical
> > procedures and remedies and items for sale which are in some way
> > "collectibles".
> >
> > Granted, stories are chosen for their sensationalism and it an unusual
> > place (to put it mildly) to look for financial information, possibly
> > making it even more of a contrarian indication (and one of the more
> > entertaining ways to spend $1.39)
> >
> > ______________________________________________________
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