X-Message-Number: 19367 From: "John de Rivaz" <> Subject: note on investment and the accountancy collapse Date: Sat, 29 Jun 2002 14:00:06 +0100 The CTSL in a recent email extra stated that July 8, 1932 April 28, 1942 June 26, 1962 and August 12, 1982 were all major lows that happened during the middle of the 2nd year of the decennial cycle, and the last 3 were exactly 20 years apart. During news coverage of the failures within the corporate accountancy profession, it was stated that the bull market that ended in March 2000 had run for 15 years. On that basis, sustained market recovery cannot be expected until 2005 at the earliest. If the bear market that started in March 2000 continues for five years, then this will have a detrimental effect on money spent on research. Whereas research programs have a much longer time scale than short term market fluctuations, five years is not insignificant. There do seem to be more news stories about problems like mountains of old fridges, tv sets and now tyres (exacerbated by regulation that makes it difficult to dispose of them) than stories about medical advances or other new technology. However none of this alters my long term view that **if** we live in a universe where ultimately cryonics revivals become possible there will be enormous advances in technology that will be reflected in stock market quotations taken over the decades or even centuries between then and now. Those taking the long term view will have to ride out this and many other storms before that comes. What does need to be avoided is the pressures that inevitably mount to "sell because the end of the world is nigh" or to give in to other pressures to raise money. People who are known to be investors are often considered to be poor risks when the market is doing badly, and loans can be called in (which is why it is always bad to borrow to invest). It can be more difficult to issue checks or to buy goods and services on account. There can be pressures from family members who think it may be the last chance to take that big holiday, rebuild the kitchen or whatever before all the money runs out. -- Sincerely, John de Rivaz: http://www.deRivaz.com : http://www.AlecHarleyReeves.com http://www.longevity-report.com : http://www.autopsychoice.com : http://www.cryonics-europe.org http://www.porthtowan.com Rate This Message: http://www.cryonet.org/cgi-bin/rate.cgi?msg=19367