Post by Sol P on Nov 20, 2003 16:50:37 GMT -5
Like to throw in my 2 cents into your debate from a fundamentalist point.
Yes your conclusion are correct if you wish to hang out with Mr. Market @ the party. Its just great boozing it up, smokin' dope & muching down chips, & cheesies, with out a care in the world. Just like @ the party we can't live like this indefinitely.
We need to face the fact that there is simply no reason to own any of these stocks or indexs. Take the Dow, XOM-N is the only company that has really grown its net income over the last 5 yrs so it kinda' passes the smell test as a growth stock but not really. The Dow is not there for growth, these are income stocks, mature companys providing consistent dividends for their share holders; problem being yields are
1&2 %, inflation is just eating away this income & capital, once that gets realized there will be a quick exit from the party, like someone having a heart attack from to much party harty me lads. Mr. Market will go back to his sober ways, in the mean time we stand in awe about how much the guys @ the chug-a-lug table can hold. We all agree how it will end, the when part is still coming. Strategically I'd advise not to join in or stand to close.
With out borrowing something (short) the prudent person will now be in Gold & Silver waiting with a mop & pail once the party animals have finished.
Tactically there may be a few more victorys, a big drop would erase them over night. Strategically the war is over & the fix is in, we are merely awaiting its inevitable conclusion.
Joel Preece
Yes your conclusion are correct if you wish to hang out with Mr. Market @ the party. Its just great boozing it up, smokin' dope & muching down chips, & cheesies, with out a care in the world. Just like @ the party we can't live like this indefinitely.
We need to face the fact that there is simply no reason to own any of these stocks or indexs. Take the Dow, XOM-N is the only company that has really grown its net income over the last 5 yrs so it kinda' passes the smell test as a growth stock but not really. The Dow is not there for growth, these are income stocks, mature companys providing consistent dividends for their share holders; problem being yields are
1&2 %, inflation is just eating away this income & capital, once that gets realized there will be a quick exit from the party, like someone having a heart attack from to much party harty me lads. Mr. Market will go back to his sober ways, in the mean time we stand in awe about how much the guys @ the chug-a-lug table can hold. We all agree how it will end, the when part is still coming. Strategically I'd advise not to join in or stand to close.
With out borrowing something (short) the prudent person will now be in Gold & Silver waiting with a mop & pail once the party animals have finished.
Tactically there may be a few more victorys, a big drop would erase them over night. Strategically the war is over & the fix is in, we are merely awaiting its inevitable conclusion.
Joel Preece
