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


To: Bill F. who wrote (62195)6/12/1999 2:09:00 PM
From: LLCF  Read Replies (1) | Respond to of 132070
 
<.markets often overshoot this one has in spades.it will again on the downside too.i heard the same things in tokyo as the mkt went from 29000 to 39000 while i was short,>

Oh, how sweat that was.... if you remember correctly those "NIKKEI PUTS" by Solly and Paine Webber came out the fall before the crash... I bought 'em from $5 down to $3 like a bullheaded idiot [just like you are!]... and one day they went into the 30's over a couple week span. GOD THAT WAS GREAT! Think I'll start buying S&P puts... they seem highly priced however, what do you think?

DAK



To: Bill F. who wrote (62195)6/12/1999 11:15:00 PM
From: Ilaine  Read Replies (1) | Respond to of 132070
 
This may seem overly optimistic, but I wish there was some sort of "Idiot's Guide to Investing After The Big Kahuna." I've been holding cash waiting for the BK. But if there is a BK, smart investing after BK seems to be a forgotten art.



To: Bill F. who wrote (62195)6/14/1999 11:28:00 AM
From: Yogizuna  Read Replies (2) | Respond to of 132070
 
Bill,
Yes, the "perma-bulls" here should remember the example of the Japanese market before they continue to be confident that "this time will be different". Arrogance and overconfidence is eventually crushed by the "sands of time". Or as the late great Ed Hart used to say, by the "fullness of time". They will learn, the hard way I'm afraid. Yogi