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Re: market_watcher post# 111648

Tuesday, 05/27/2003 8:44:07 PM

Tuesday, May 27, 2003 8:44:07 PM

Post# of 704041
Market watcher,

You are probably right. Today was ridiculous. My problem is that, as an MBA, I was taught to think rationally about things like net present value, discounted cash flows, expected values, etc.

In that case, I think the key to continued solvency is the ability to 'dumb' down to levels that might allow one a mindset of going with the flow. These guys ain't foolin' around and, basis today's closing values, their forays into the futures markets (presuming they exist) have now, in all probability, resulted in some substantial windfall profits to add to the Fed's kitty.

Can anyone deny that Sir Alan's performance of the classic "my way or the highway" scenario has been played to virtuoso type perfection?

I'd be better off in this market if I were an illiterate half-moron with his TV stuck on CNBC.

Maybe not! Money isn't everything. <gg>

Good luck,
Dan




Dan

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