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

To: BGR who wrote (68605)	10/4/1999 12:23:00 PM
From: Michael Bakunin	Read Replies (1) \| Respond to of 132070

Let us extend the analogy: what most commuters miss is that driving to work is a gigantic trick, stealing their time and energy and money and taxes and polluting their air and water. If I stand up and tell commuters this, they will natter on about safety belts and airbags. The wealth effect and sliding household balance sheet need no crash; they already are a disaster. A crash is just the glove in the face. <g> -mb

To: BGR who wrote (68605)	10/4/1999 1:56:00 PM
From: Freedom Fighter	Read Replies (2) \| Respond to of 132070

BGR, >>If you drive to work every day, the probability of a fatal accident is very little. That should not prompt to consider hiring a professional driver, right? << Unless of course there's a sheet of ice outside and you have been drinking heavily. Sort of like buying the S&P500 at 35x earnings don't you think? (BG) Wayne

To: BGR who wrote (68605)	10/4/1999 11:35:00 PM
From: Knighty Tin	Read Replies (2) \| Respond to of 132070

BGR, When it comes to DCA, did they ever teach you that many folks become unemployed and even more become underemployed during recessions/depressions, so that they tend to have bought at the top and not bought and perhaps even sold at the bottom? Guess not, because that would require some common sense. <g> If the risk of a fatal driving accident was as great as the risk of losing money in an index fund, I, for one, would never drive except in a tank. Silly analogy. You can do better than that. I hope. <g>