there will be some wild action in the markets tomorrow now that WorldCom has filed the biggest Chapter 11 in history -- and there'll be more big ones to come -- the airlines are next
like we said, DOW 3000 baby
hang on for the ride
we'll look genius at the end of the day -- we've been quietly tucked away in real estate for the last decade with nothing in the equities markets to get slammed around and worried by -- we do get those E*Trade statements reminding us of the few shares of CISCO we own at $80 still sucking air at $13 -- but that was the only equity we purchased during the whole period -- not so much by choice as by circumstance -- just good dumb luck in spite of our best efforts to play with the big boys
turns out they're all greedy mongrels -- but for grace there go we
and don't count on the consumer to buy us out of this mess -- they're tapped out with debt -- so's the government -- the 2002 budget is $165 Billion in arrears and a big war is looming
the 20 and 30 year old biz kids out there are about to get hit with some more hard knock fiscal education lessons -- the tulip phenomenon was just for starters
rates will go up as the goverment borrows -- there's a credit crunch a coming -- bank on a double-dip recession followed by some good old stagflation
9:48:18 PM 
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