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  • axzl axzl May 28, 2000 8:34 AM Flag

    Throw the bums out

    is mostly an accurate assessment. However, always
    having been a value stock investor based on earnings and
    reasonable P/E's the crash in these new market stocks was
    inevitable with or without big Al's help IMHO.

    part of your message that I would like to draw
    attention to is the emphasis on the amount of power that
    certain people and offices have to push the bond and
    stock markets in any direction they choose whether or
    not the reasons are personal gain, political favor,
    or for the good of the US economy. Many shortterm
    decisions that are announced are made for the benefit of
    those in these positions. That is why it is important
    for investors not pay too much attention to the day
    to day noise and to try to pick up the trends such
    as interest rates, nasdac, etc.

    politicians go into office poor and come out rich. I doubt
    that they come out rich because of their superior
    saving habits.

    Just one example: If Bill Clinton
    had to pay income taxes on all of the personal legal
    fees that someone else has paid for him since he has
    been in office it would make for an interesting

    I may be wrong, but I have visions in my
    head of lobyists with atache cases full of cash
    targeting politicians on certain issues where they need
    votes for their clients. Politics is and has been
    corrupt since the beginning of time and it ain't likely
    to improve any time soon.

    In such an
    investment environment where nothing rational or logical
    happens it is tough to make a buck when an investor
    thinks rationally when placing his/her bets in the
    market. Now if you throw in investor greed, that makes it
    impossible to make a dollar!

    Oh me! Oh My!!

1.28-0.03(-2.29%)Aug 23 4:00 PMEDT