Jerry McBride wrote:
>
> Well...
>
> A tough day for wall street. Right about now, all those nice certs in my stock
> protfolio
> are about as worthless to me as a 12 pack of toiletpaper... but too rough to
> enjoy...
>
> Say what? ;')
>
> Thank GOD, I converted most all of it to other investments earlier this year. I
> actually
> listened to my wife for a change and stopped being greedy and exposed in the
> market. My losses hurt, but at the least I still have something left to think
> about.
>
> It's hard watching your hard earned dollars slip into nothingness. As I left
> work this
> evening, my normally cold-as-ice-asshole-boss simply looked terrible. I stopped
>
> and we talked a bit... probably the first time I heard him speak from his heart
> in over
> 5 years. It was all about money and BOY was it heart wrenching... his
> retirement is all
> but gone. Talk about a lost soul. I know and work with people that have lost
> 100's
> of thousands of dollars in the last year or so...
>
> 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.
>
> If what my mom told me when I was a kid... that $600.00 that Bush wants to send
> me
> may not be enough to buy bread and milk next year.
>
> Sorry. I'm usually a lot more upbeat than this... Good night and God bless.
>
> --
>
> ******************************************************************************
> Registered Linux User Number 185956
> http://groups.google.com/groups?hl=en&safe=off&group=linux
> 9:50pm up 3 days, 22:23, 2 users, load average: 0.00, 0.00, 0.00
> _______________________________________________
I'll state first and foremost that I'm not qualified to voice an opinion
on the stock market, financial strategies or someone else's investments.
I do believe that this downturn will have a rebound though. Maybe a
little slower than the first peak, but assuredly much steadier. People
are not going to give up broadband and go back to modems, give up their
office applications in exchange for pencil and paper, or any other type
of backwards progress. Failed dot-com's and the like are providing fire
sale prices on hardware that will still require trained, certified
people to configure and maintain. There's an inherent self-perpetuation
that is sometimes forgotten about during depressed periods. The people
that recognize that "it ain't all over with" are the ones that buy at
bargain prices and hold on for the next peak. It won't be like it was,
but it also won't be like it is.
--
Andrew Mathews
------------------------------------------------------------
8:45pm up 3 days, 3:12, 3 users, load average: 1.00, 1.05, 1.07
------------------------------------------------------------
Lots of folks are forced to skimp to support a government that won't.
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