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Strategies & Market Trends : Bill Fleckenstein, the BEAR! Is he finally right?
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To: Colleen M who wrote (224)3/1/2000 8:15:00 PM
From: Tommaso  Read Replies (2) of 259
 
At this point money in the bank might turn out to be a lot more valuable than money as measured by stock certificates. Anyone who is fortunate enough to have made a lot of "money" in stock prices would not be bad off putting a good part of it into something that cannot quickly be devalued. Inflation can eat away paper money, but at least one can see it developing, whereas stock prices can collapse within days or weeks instead of years.

Of course, this has been bad advice for the last three years, but I have never thought that I had to be insane just to be fashionable (i.e. I think that if I were 21 years old I probably would not be sticking ivory splinters through my eyebrows or putting studs in my tongue).
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