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Pastimes : How to best deal with KOOKS at this web site

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To: Bill Ulrich who wrote (597)	7/2/1997 1:39:00 AM
From: Gottfried	of 1894

MrB, I think not. But read on... I don't expect a crash of that magnitude. I like to think either we'll have more 10% corrections from time to time - or maybe a 20-25 % bear market. But nobody knows when. You've probably heard of studies saying that if you miss just a couple of the best days in the market, your gains drop drastically. So I'll ride it out. Most bear market losses have been recovered in less than a year. (not 1929). Back then you needed only 10% to buy on margin, and many people did. Today's investor is better educated and worries more. That helps to reduce excess. But if the scenario you describe happens and I can't pay the PG&E bill, I'll just post on SI by candle light.<G> But I don't have to worry about becoming unemployed. One less concern. High inflation could wipe out my retirement income, though. There's another reason I'm not concerned: I've been through numerous bad times already (WW2, East Germany and more). So I know there's only so much I can control. Even if soup lines did happen, think of all the interesting people you'd meet. And, at least you'd have soup. A lot of people in the world don't have that. The bull/bear ratio must be low today. GM

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