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Jed,
Your post is whats called a reality based observation because its so
true and real.
Mentioning DEC brought back some of the 1970's to me. We bought our
first "computer" in 1972, a DEC PDP-8L. Plan was to use it in a design study and
demo for bidding a portion of a North Sea project for a crude oil metering/
proving station.
" Splat" !!! went the idea because the senior instrument people at
Phillips were old timers that grew up using pneumatic instrumentation and
considered electronics something out of a Mad magazine.
Alas, Digital went the way of all flesh, later folded into Compaq and
disappeared somewhere between the water cooler and the elevator in Compaq Center
Houston. Ironic that HP did the same for Compaq.
A nation that rises like the US, has been gifted with men
of energetic inspiration, The average age of a democratic form of a
republic is never more than 200 years. It is interesting to speculate " where"
in the world the next burst of energy will arise. I considered China as the next
powerhouse but have tabled that thought because China lack the essential for
greatness due to it being mired in socialism like the USA.
Surprisingly, it may come again to the USA with its seething
discontent over the Iraq war and the political regime that has captured
Washington. These operators are Dems or Reps depending on the
weather . It will take some radical events to trigger such an event
which is looming as we watch with energy , banking and dont forget Wall
Street.
It is possible that if the Dow, Nasdeq and S&P fall below a
trip point, say below 10,000 ( Dow) we may see some interesting buttons pushed.
The last time it dropped below that figure I had a real concern they wouldn't be
able to stop it until it fell into the 3500 range. This time around my intuition
is screaming.. They better not let it fall below 9000 over the next 90 day or
June 30 reports may cause a slide nobody on earth wants. China is doing
their part to prop it but with the bunch we have doing the thinking and leading
for us.. I wouldn't count on China.
Richard
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