Replies to post #27932 on A.I.M. Users Bulletin Board (AIMUSERS)

[jersey al]

The problem of managing cash is also important if one also must live off the cash during the decline of the stock market.

Running out of cash "is not an option".

So not only do we need to carefully schedule the buys, but we must also make sure there is enough money to live off of.

It was a little reassuring in a sense, when I heard the Mayor of NYC, Michael Bloomberg, a multi-billionaire, refer to the stock market as a yo-yo.

In other words, what is going on seems to be highly uncharacteristic.

Someone on one of the radio talk shows called the current market a "psychological recession" ... meaning that while a couple of sectors were in distress, there is nothing totally or fundamentally unsound with the U.S. economy. Housing construction is problematical right now ... but much of that is due to government mandated cheating on loan applications due to laws regarding "community redevelopment".

There still is very high employment and very low unemployment. Only about five percent unemployment.

Oil is expensive, but the United States has TONS of oil that it is refusing to pump. The U.S. can develop natural gas, coal and nuclear, but seems to be refusing to allow itself to do those things and instead is frittering money away by attempting to go with very expensive solar and wind power ... those only account for about one percent of energy now and with maximum effort might get up to about three percent.

Every other country in the world is working overtime to develop oil, natural gas, coal and nuke ... except the United States. The same could be said for refinery capacity.

The notion of man-made [anthropogenic] global warming has been shown to be false every time its advocates and proponents bring up another argument in its favor.

It's a very strange notion.

If the President would declare an emergency and use an Executive Order for development of ANWR oil exploration and production within 12 months and mandate completion of 100 new nuclear power plants essentially doubling existing nuclear-powered electricity generation ... using the power for all electric railroads and electric heating ... using a four-year time schedule [instead of a ten-year time schedule] for each, the high energy price would be broken instantly.