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Politics : Ask Michael Burke

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To: Investor2 who wrote (31555)	8/26/1998 11:28:00 AM
From: Joseph G.	Read Replies (1) of 132070

<<use knowledge gained from history to develop a rationale assessment of anything in life.>> history teaches me that after a huge 16-24 year run ups in stock prices, when traditional valuations are cast aside and suckers spend their time proving why exactly traditional valuations are wrong and that there is a New Era, after all of this there is ALWAYS a terrible multy-year series of bear markets when the said suckers lose all or nearly all the money they have. I asked myself the following question: has there been a terrible multy-year bear market yet? My answer: no, not yet. Perhaps it's just starting. Being fond of asking myself questions, I ask another: is now a good time to buy stocks? And I answer myself: no, not now.

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