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To: SKIP PAUL who wrote (44967)10/15/1999 3:28:00 PM
From: 16yearcycle  Respond to of 152472
 



I am disappointed in him(like he gives a sh**). He absolutely knows that the market is not too high, but is worried about the fallout of an unexpected event since so many are invested. That is it in a nutshell, imo. He should just SAY THAT, instead of constantly talking about speculation and excesses and bs. Just say, "we are motoring along at an incredible time for this country and our economy. We have never seen anything like it really. My only concern, and it is a legitimate one, is that so many are participating aggressively in this boom that if an outside event occurs, many people may suffer permanent damage to their financial situations. In light of this concern, we are raising margin requirements starting next June 1. We believe that if a negative event were to occur, it will somewhat mitigate the fall out." Something like that.

Instead, they are applying shock treatments periodically so we are trained like Pavlov's dog's to react quickly to the exogenous event, or ignore it. Dumb.







To: SKIP PAUL who wrote (44967)10/15/1999 3:31:00 PM
From: Jill  Read Replies (1) | Respond to of 152472
 
I have to agree. On the one hand he believes (and to some extent may even be doing so) that he's corralling a runaway horse and preventing it from breaking its neck. On the other hand, nobody his age can stand this incredible amount of wealth, so "easily" got. There's just a natural curmudgeonly response that's part and parcel of all his comments.

Jill