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To: Ilaine who wrote (47898)	6/17/1999 6:51:00 PM
From: accountclosed	Respond to of 86076

I haven't changed anything. I was referring to the chairman's (mythman's) position changing. I do think it is positive that people seem to be reasoning in a what's happening now point of view. But no matter who is leading the models, whether it is MB with his 90/10 or whatever, I think the mixture of longs/shorts is appropriate. I have always said that I came to the threads very long, looking to hedge, remember? Remember my long ago posts about "what do you do if you are long a hardware store?" How does that fit into overall financial planning as you have a stake in the health of the economy? Remember my "everything is in the portfolio" posts? Remember my "if you have 20% credit cards you shouldn't do anything other than reduce debt" posts? When I refer above to 90% cash, 10% bonds, I mean in my retirement accounts. I am reminded of a concept of Gary Zukav's in The Dancing Wu Li Masters. That of bringing a beginner's mind to that which you study. He said that Einstein was able to break the new ground of his relativity theories by approaching the problem with a beginner's mind. Which means, not to have preconceptions. Reason from first principles constantly. Go back to the beginning. Assume nothing and do your best to think clearly about the problem. People should be using that type thinking in approaching the market, imo. Constantly starting over and asking themselves questions like 1. How much risk do I want at this juncture? 2. Is it appropriate to meet the goals I see for myself and my family? 3. What is the market telling me? 4. In what measure should I stick to my training, and in what measure should I learn from my recent successes and failures? I think AntMan's ravings about bunking after the fact conspiracy theories, MythMan's change of position, MKC's statement about the market being a Zen Master, the thread listening to the fine technical (and fundamental) analysis brought by John Pitera, Defrocked, Bill Meehan, Jorj X. McKie, Robert, and many many more folks...appears to be a crossroads to me. I think collectively the thread has been growing. It's a good thing. Valuations still suck, imo. But the thinking is improving.