Forum Archive Index - May 2002

["Steven Tong" <soarer2@xtra.co.nz>]

totally agree with you, there is nothing new in this but the point is the masses are starting to realise it, incidently if your not buying gold bars what are you investing in?

 

 

Regards

 

 

----- Original Message -----

From: dsproul

To: sharechat@sharechat.co.nz

 

 

Sent: Saturday, May 04, 2002 4:59 PM

Subject: Re: [sharechat] A golden morning - so what's new

Nothing new in this, the US market has been overvalued for years,and will continue to be so compared to many other markets.

 

My view is that a good shakeout of paper mache companies like the Enrons and Worldcoms of this world, whilst damaging to short term confidence , must surely result in a leaner, stronger market when the smoke clears.

 

Certainly the US SEC will be a much more cognisant body , and this should in fact give investors more confidence down the track.

 

If the masses panic and sell their stocks, guess what, there will be masses of other people  sweating on buying them, to sell back to the panicky people in 3, 6, 12, or 24 months time at a nice profit.

DISCL> I don't know anyone who rushes out and buys gold bars.

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