Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Tom M who wrote (35656)	12/24/1998 12:02:00 PM
From: Gersh Avery	Read Replies (1) of 94695

Hey Tom .. I'm pretty much a bear.. sometimes I pull put the horns and pretend to be a bull, make a few quick bucks, while waiting for the big one. Now .. having said that .. the personal savings figures are pure BS. The methods for putting them together was made up ~50 years ago (seems like) .. For instance .. capitol gains taxes are considered expenses for calculating income .. but, at the same time, capitol gains are not considered part of income. If you take into account every asset and social security, the average working American has ~4 years of income in savings. The reason that I point this out is that it is, IMHO, a mistake to use this piece of information to base investments on. There is enough bad news out there. Gersh

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