Fritz Hottinger

Dow 10,000: Caveat Emptor

Comments on my orig comment seem to have devolved into a discussion of Business and Ethics, which is all to the good. The better we understand the true forces that underpin our free enterprise system, the better off our country will eventually be.

Let me offer few words of counsel from my 1976-8 Business Ethics MBA course:
"It is the responsibility of the Board of Directors to see that their chosen management runs the enterprise in a fashion that gives equal concern to all the "stake-holders", meaning
customers, employees, shareholders, suppliers, local community, and the environment."

IMVHO, too many BOD's are taking care of themselves and Mgnt with bonuses, options, etc, and stake-holders be damned.

And that BOD we have voted into place in Wash, DC is no better.
Their basic goal appears to be creating sufficient groups dependent on govt largess in numbers large enough to insure success when their re-election votes are counted.

ps// Debate on term limits for another time - - - "with term limits the unelected staff will have control because it take the new-comers at least 9 months to be able to find their way to the lavatories." Quote from a friend who was Chief of Staff for House Appropriations Committee.

Don't Let the Headlines Fool You

Sorry, Forge - - - did not phrase myself very well. I did not mean that just those last words were meritorious. I do agree with the entire thrust of your post - - - just found your "I think" closing a very succinct, and true way to spread caution. That is what i picked up on.

PS// Glad you are finding the Hottinger E-Zone System useful.
Will appreciate your feed-back as you gain experience with it.


On Oct 13 07:28 PM forge98 wrote:

> Fritz,
> I think it's safe to say we agree. I have been learning how to utilize
> the Hottinger signals on your website. I have a trial subscription
> and it is fascinating. Thank you for saying that two of the words
> in my post bear some merit. Thanks. Forge

Don't Let the Headlines Fool You

Forge, your last 2 words bear some merit.
We have to ask ourselves why Obama and his Administration are supporting a renegade President of Honduras, who was removed from office for attempting to change his country's constitution so he could hold office for more terms. Essentially he was taking a page out of the Castro and Chavez play-book, on how to gain control and rule without further challenge. (They were able to succeed because they duped their citizens into believing the govt would always take care of them.) Is this not what we are approaching here in the good old USA?


On Oct 10 05:51 PM forge98 wrote:

> I, for one, do noy think Larry Summers is a bafoon. As a matter
> of fact, I have a suspicion that "they" may not be listening to him.
> Summers was a huge part of the continued globalization of the markets
> under Clinton. Of course, this was started by Reagan. I think he
> is a free market thinker, and certainly a globalist. The present
> admin's course is, in my view, not one of embracing the freedom of
> markets around the world. Tariff's against China or anybody else
> only hurt the US consumer, IMO. I'm very concerned for the short
> and intermediate term well being of our country. Long term I believe
> we will sort this mess out because we are still free to change the
> process at the ballot box. I think.

Don't Let the Headlines Fool You

Thanks for all the follow-up comments, and particularly the debate about unemployment being a leading of a lagging indicator.

IMHO, the newest and most accurate leading indicator is the public's distrust level of this Administration. Today we are given new data from the Dept. of Labor that "unemployment level has fallen".
All those putting faith in these words, get in line to buy the bridge I have for sale.