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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Mark Oliver who wrote (62190)	6/12/1999 9:36:00 AM
From: Freedom Fighter	Respond to of 132070

Mark, >>So, I guess my question is what is the point in putting all this energy into such low paying investments? Isn't the mindset of chasing the negative deal detracting from your really great returns found on positive investments in really great companies?<< I don't think many people are full time bears. I suspect that many of the people who are bearish right now would become quite bullish if valuations became attractive again and debt loads were lower. People are always looking for great companies at prices that make sense. Along the way they also find not so great companies at prices that don't make sense. The problem right now is that you can't find many of the first but you can find lots of the latter. Hence the focus on trying to make money on the downside. There are simply better opportunities for market disasters than there are for going long overvalued stocks and hoping a greater fool comes along. (as they have so far ) Wayne