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To: Frank Ellis Morris who wrote (141473)9/4/1999 8:10:00 AM
From: jttmab  Read Replies (4) | Respond to of 176387
 
Frank,

Tell me what you think after another 20 years of experience and maybe you will be worthy to challenge my long time knowledge.

Another difference of opinion! My nearly 50 years of life experience has taught me quite a few things. First, the body of knowledge that I don't know is a lot larger than the fraction of knowledge that I do have. Second, people have different experiences and observations than I do and that I can and should consider those observations regardless of time spent experiencing life; I don't [or I at least hope not to] demean individuals on the basis of their "limited" experiences. Third, sometimes perceptions [including my own] and conventional wisdom can be quite different than reality. Fourth, more often than not, rantings of conspiracies, political rhetoric, et al, are specious, i.e., they are only plausible at the surface but actually false.

IF I held the view, as a bull, that the Fed manipulated markets to diminish my wealth and observed that some bears asserted that the Fed manipulates the markets to prop up the markets...it would probably bring into question whether either one of us is right.

Best Regards,
Jim



To: Frank Ellis Morris who wrote (141473)9/4/1999 8:49:00 AM
From: nolimitz  Respond to of 176387
 
Frank,
re: Thanks for your concern but some of your off beat comments are a little offensive

My apologies if I have offended you. Was not my intent. However the continuos "the FRB is out to get us" is getting old fast.

I guess I'm losing more sleep than you this weekend, but it is not because I'm worried about what the Fed may do next. My 10 week old daughter woke up hungry and wet. Oh well.
As to market psychology experience, I'm sure yours is much broader than mine. It is the interpretation of market events that we disagree on. I have enjoyed the hyper growth of the past 5 years. I for one never expected 30-50% return on my investments year after year. Nor do I expect that trend to continue for ever. I guess our expectations of future market gains differ as well. I can live with the volatility we are (and have been) experiencing
Oh ya I never could spell correctly either so spelling comments can be left out of any response you may have. Just to lazy this am to get the dict. off the shelf.
nolimitz