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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (87495)	12/23/2000 12:01:48 PM
From: Tommaso	Read Replies (1) of 132070

I keep dipping into Train's book. In the chapter on Jim Rogers, he paraphrases Rogers as: "In bear markets, things first decline to reasonable prices, then they fall to cheap prices, and then they reach unbelieveable giveaway prices. After that things get really bad, and everybody gets cleaned out." I don't even think we are down to "reasonable" yet. I kind of like shorting the Dow and putting Merrill Lynch and the Wells Fargo Bank. But then I am the same person who once goosed the Venus de Milo. (Just like you I am not antifeminist, and I did it out of pure reverence. And I am shorting the Dow and putting Merrill out of deep respect for our venerable institutions. <g>)It begins to look as if Merrill may have made a not too good call in selling warrants on the Euro exercisable at .86 (it's at .92 now). Wonder whose idea that was.

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