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Wednesday, 12/4, Market WrapUp (It is a good time to buy! Really?)
Financial Sense Online ^
| 12/4/2002
| James J. Puplava
Posted on 12/04/2002 4:17:09 PM PST by rohry
click here to read article
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New format tonight...
Methinks Jim has to do his Christmas shopping tonight...
1
posted on
12/04/2002 4:17:09 PM PST
by
rohry
To: bvw; Tauzero; robnoel; kezekiel; ChadGore; Harley - Mississippi; Dukie; Matchett-PI; Moonman62; ...
Market WrapUp is delivered...
2
posted on
12/04/2002 4:18:06 PM PST
by
rohry
To: rohry
“It is a good time to buy.” Need I say anything else today?Yep, that about sums it up alright.
Richard W.
3
posted on
12/04/2002 4:24:19 PM PST
by
arete
To: rohry
“It is a good time to buy.” Might be a good time to buy a good, warm coat and pair of bad weather boots. Something that will last.
To: rohry
What do you think Puplava is doing to make money if he is not in the market. There must be some investors making sound buys as I see many stocks up 30 to 40% from July.
To: rohry
The stock market and economy are balking and hinging on one thing, the war with Iraq.
Unlike the last time when we kicked his ass up and down the fertile crescent, saddam has the potential to do some WMD damage. We can thank XXX42 for not staying awake on his watch.
In my opinion, saddam has some dirt on XXX42, and used that to blackmail our first black president. I don't know what it is, but if a fat assed pug like Monica can wind up fiddling with XXX42 in under 2 hours after they first met by simply showing her huge ass in a thong, then saddam would have no trouble sending in a highly successful spy to create an even worse situation to use for blackmail.
To: rohry
“It is a good time to buy.”
Sure is, anything but stocks!
7
posted on
12/04/2002 4:26:58 PM PST
by
dalereed
To: tubebender
"I see many stocks up 30 to 40% from July."
Maybe you could share your recommendations with us? I know of another Freeper who shorted 4 stocks today and they all went down 5 or 6%...
8
posted on
12/04/2002 4:36:12 PM PST
by
rohry
To: tubebender
"What do you think Puplava is doing to make money if he is not in the market."
Lower highs and lower lows don't make a bull market. It equals a bear market...Read his articles, they tell you where to invest...
9
posted on
12/04/2002 4:41:11 PM PST
by
rohry
To: dalereed; rohry
Sure is, anything but stocks!Heard Bill Gross today on CNBC. He said that bonds are fully valued. Stated that stocks are overvalued and could still fall to 5000 on the Dow, but he didn't sound as sure of that as privously. He also said that he thought (and this is the surprise) the FED would be successful in reinflating the economy. No deflation. He didn't mention PM's.
It was a stunner and goes against everything I'm seeing in the economy. Wonder what Gross knows and how he knows it.
Richard W.
10
posted on
12/04/2002 4:49:03 PM PST
by
arete
To: rohry
“It is a good time to buy.” Need I say anything else today? Is that anything like the Klingon "It's a good day to die."? Seriously, I'd be shopping for self-preservation items.
11
posted on
12/04/2002 4:51:58 PM PST
by
steveegg
To: arete
"Heard Bill Gross today on CNBC...
bonds are fully valued...
stocks are overvalued and could still fall to 5000 on the Dow...
He also said that he thought (and this is the surprise) the FED would be successful in reinflating the economy."
I think he's right about everything but the last prediction...
12
posted on
12/04/2002 4:57:15 PM PST
by
rohry
To: arete
Maybe someone high up gave Gross the Scott Ritter treatment...
I guess now we know how far the Fed will go to save JP Morgan - all the way.
To: rohry
stocks are overvalued and could still fall to 5000 on the Dow Pure lunacy....
To: Always Right
"Pure lunacy...."
So, now Bill Gross is a lunatic?
15
posted on
12/04/2002 5:07:51 PM PST
by
rohry
To: rohry
So, now Bill Gross is a lunatic? Don't know, but his prediction is pretty looney.
To: Mr. Jeeves
Maybe someone high up gave Gross the Scott Ritter treatment...I starting to wonder about some or the strange and unexplained changes in position recently. I have to think that some of these guys took a close look at what was going to happen if/when the FED failed, that they were horrified and are now jumping on board the Greenspan spin machine trying to convince everyone that (repeat this 10 times) "there is no deflation risk".
Off subject slightly, and I don't want anyone to respond to this -- Christopher Hitchens was on C-Span the other day supporting a war with Iraq. Talk about people taking odd positions. His only explanation was that, it was about oil and what better reason to go to war.
Things sure are getting interesting.
Richard W.
17
posted on
12/04/2002 5:14:29 PM PST
by
arete
To: Always Right
Don't know, but his prediction is pretty looney.It is only looney to think that 5000 will be the bottom. Of course by then, no one is really going to be paying attention.
Richard W.
18
posted on
12/04/2002 5:26:37 PM PST
by
arete
To: arete
I'll still hold to my prediction of $3000-$3500 for the dow to bottom out.
19
posted on
12/04/2002 5:29:24 PM PST
by
dalereed
To: rohry; Wyatt's Torch; arete; meyer; DarkWaters; STONEWALLS; TigerLikesRooster; Ken H; MrNatural; ...
HP reduces sales growth estimate Just last week, TIME had a puff piece on Carla and well she was doing.
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