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Have the funny papers, comics, disappeared even though they aren't funny any
more?
----- Original Message -----
From: "Rakesh Sahgal" <rakeshsahgal@xxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Friday, November 08, 2002 8:31 PM
Subject: Re: [RT] The Answer my friend is blowing in the spin
> NW,
>
> Given your contention that the idiot's market is over
> and skill and knowledge will rule the roost, I would
> appreciate your thoughts on the fate of the ANALYST
> menace that currently plagues the global markets
> mouthing their inanities on CNBC. Are they going to
> fade away from the scene, having become discredited
> and irrelevant, or not? If no, what will happen to the
> huge money flows that they are able to influence, will
> these money flows not impact market direction?
>
> Rakesh
>
>
> --- Norman Winski <nwinski@xxxxxxxxxxxxxxx> wrote:
> >
> > ----- Original Message -----
> > From: "Charles Meyer" <chaze@xxxxxxxx>
> > To: <realtraders@xxxxxxxxxxxxxxx>
> > Sent: Friday, November 08, 2002 9:47 PM
> > Subject: Re: [RT] The Answer my friend is blowing in
> > the spin
> >
> >
> > > Norm-
> > >
> > > Any chance you can tell us why the 1873-1895
> > period of U.S. economic
> > history
> > > would tend to be
> > > the parallel to the current economy?
> >
> >
> > We are loosely following the K-Wave cycle pattern
> > with the filtering
> > Elliott Wave rule of alternation.
> > Therefore, don't excpect a sharp 1929-1932 stock
> > market crash, but rather a
> > long grinding slow growth era with periodic boomlets
> > and busts such as
> > 1873 - 1895. During this period Carnegie made his
> > fortune from having the
> > right business strategy and not from being any
> > genius in making steel. This
> > type of enviroment is great for traders and market
> > times and lousy for long
> > term buy and hold investors.
> > The top of the stock market bubble was also the top
> > of the idiot investor
> > cycle. Now the pendulum is swinging the opposite
> > direction where more and
> > more knowledge of the market will be required to
> > make money. The absolute
> > amatuer idiots have mostly already been destroyed.
> > The cycle, over the next
> > 10-20 years, will work its way up the investment
> > food chain to clean house.
> > It is already becoming evident that 99% of the money
> > managers can't out
> > perform the S&P 500. When the public catches on to
> > this, these guys will
> > find their true level of proficiency, selling hot
> > dogs on a street corner.
> > Read about the bust that followed the "Go Go 60s"
> > and you will see what I
> > mean. What was it that Will Shakespeare said? "The
> > play's the same, only the
> > players change"?
> >
> > Cheers,
> >
> > Norman
> >
> > Regards,
> >
> > Norman
> >
> > Tks for any comments. Especially
> > > since this was before the
> > > creation of the Fed.
> > >
> > > chas
> > >
> > > ----- Original Message -----
> > > From: Norman Winski <nwinski@xxxxxxxxxxxxxxx>
> > > To: <realtraders@xxxxxxxxxxxxxxx>
> > > Sent: Friday, November 08, 2002 8:17 PM
> > > Subject: Re: [RT] The Answer my friend is blowing
> > in the spin
> > >
> > >
> > > >
> > > > ----- Original Message -----
> > > > From: "sue crew" <screwy@xxxxxxxxxxxxxx>
> > > > To: <realtraders@xxxxxxxxxxxxxxx>
> > > > Sent: Friday, November 08, 2002 8:50 PM
> > > > Subject: Re: [RT] Answer my friend
> > > >
> > > >
> > > > > Earl,
> > > > >
> > > > > what is your view of things at the moment.?
> > The USA to me looks like
> > the
> > > > > big titantic sinking and nothing is going to
> > help.
> > > > > Monetary policy will be ineffective - and
> > close to zero just like
> > Japan.
> > > > > Everyone due to Superfunds are heavily
> > weighted to equities, the
> > ageing
> > > > > population and risk aversion will drive
> > markets in my mind, and will
> > > > > particularly drive equity markets down. The
> > information ratio will
> > > > > become the new focus.
> > > > >
> > > > > Cash and bonds will rule for the next 15
> > years.
> > > >
> > > > NW: Why would you want cash when there is a
> > negative real interest rate?
> > > > Under this scenario,
> > > > money will depreciate in value. As for the
> > mythical deflation, anyone
> > > notice
> > > > the CRB is up 22% since one year ago? So where
> > is the deflation? It's
> > in
> > > > paper assets such as stocks. Yes, this situation
> > should continue for
> > many
> > > > more years. War and cheap money makes for an
> > excellent commodity
> > market,
> > > > which is where I have had my money for the past
> > year and I strongly
> > > > recommended to this list to go one year go. War
> > and cheap money also
> > > means
> > > > deflation or shrinkage for stock valuations
> > which means even during an
> > > > economic recovery, the stock market will
> > underperform the underlying
> > > > fundamentals. Look at the Nikkei for the past
> > decade. You can see it
> > was
> > > a
> > > > loser's game for the investor and at best a game
> > strictly for short term
> > > > traders. If you don't want to work too hard,
> > wait for the next
> > commodity
> > > > fire sale and then buy, buy, buy. A study of
> > the 1873-1895 period in US
> > > > economic history should be enlightening. Study
> > the life and business
> > > > strategy of Andrew Carnegie.
> > > >
> > > > Buy Buy,
> > > >
> > > > Norman
> > > >
> > > >
> > > > >
> > > > >
> > > > >
> > > > >
> > > > >
> > > > >
> > > > > To unsubscribe from this group, send an email
> > to:
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> > > > >
> > > > >
> > > > >
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> > > > >
> > > >
> > > >
> > > > To unsubscribe from this group, send an email
> > to:
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> > > >
> > > >
> > > >
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> > > >
> > > >
> > > >
> > >
> > >
> > >
> > > To unsubscribe from this group, send an email to:
> > > realtraders-unsubscribe@xxxxxxxxxxxxxxx
> > >
> > >
> > >
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> > >
> >
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>
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