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Pastimes : feelies the revenge 001

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To: Ilaine who wrote (233)	1/19/2000 8:46:00 PM
From: nihil	Read Replies (1) of 344

There are no guarantees against a collapse of the stock market or the economy as long as we have popular government. I have been speculating wildly with my retirement money and borrowing against my social security to buy even more tech stocks. Now I don't particularly give a damn what happens to the market. I am betting half of what I have on the internet and getting pretty rich. It doesn't seem to matter what happens to the poky old non-internet economy. I have the other half in cash and will start buying US LT treasuries as the interest rate goes up. Do you realize that you can margin treasuries 90% -- own $1 million of bonds on $100,000 of cash. When the Fed finally forces a collapse, and floods the market with money and drives interest rates down and makes bond prices increase. This requires delicate footing, but its the way to go. Start speculating on treasuries as the interest rate approaches 7% in the next few months. I made a lot of money by investing in bonds (without leverage) in 1982. I plan to do it this time with leverage and really make it big.

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