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To: H.Jablomey who wrote (41162)	5/15/1999 1:29:00 PM
From: dclapp	Read Replies (1) of 86076

re being "laughed at". I'm getting laughed at now for being in cash. I was laughed at before when I bought yahoo and amazon soon after their IPOs and laughed at again when I sold them at the end of last year. I'm also being laughed at for the well I had drilled in my yard, and my generator and my rice, etc. And I'll soon be laughed at for not just "being in cash," but actually withdrawing some of it from the bank and stashing it. I'm actually kinda sickened by the smug greedy weak hands who believe this market is a never-ending Uncle Sugar. The negative savings rate folks who can't wait to "get rich" in the market. Jeesh. Tough Love is coming and, I'd guess, the Mother Of All Mass Margin Calls. I'm not a historian, but I have a hunch that the real money lost after the 1929 crash was from people who threw their money at every rally -- every rally that was merely a "lower high" and soon became a lower low. People <<do>> learn...but it takes awhile. All I know about y2k is that nobody knows. Uncertainty is risk. Risk translates into higher interest rates, as lenders demand compensation for increased risk. Higher rates crush equities. Rock breaks scissors, etc. doug

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