On Thursday 30 August 2001 10:12 am, Jerry McBride dropped these
nuggets of information:
> My god, what have we done?
>
> I gotta' tell you guys and gals... my heart of hearts is predicting
> doom. Where it's comming
> from I'm not real sure. Is it NAFTA? Cyclic changes in the market?
> Who knows. Just
> be sure you're ready for it, though. It's gonna' be tough.
It's greed, short-sightedness and over zealous investments. As the old
saying goes, hindsight is 20/20. 2 years ago everyone wanted
everything to do with technology, now, well, when the bottom has fallen
out, everyone can look back and say "I knew broadband was't gonna fly
with everyone" and "What was I thinking when I dumped (no pun intended)
into toiletpaper.com" and wonder why they invested in them. They can
now see that it wasn't a long term strategy just hoping to get a quick
ride to riches mostly.
That is my opinion. It's worth what you paid for it.
Also, personally I have no money in the market at all. Well I have a
401(k) but that won't be touched for at least 30 more years. And I
have a small savings account. I don't make much with them but I don't
lose either.
--Tom Wilson
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