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To: jpmac who wrote (39775)	10/16/1999 12:12:00 PM
From: nihil	Respond to of 71178

This is a good time to invest in long-term ~30 yr Treasury bonds, yielding about 6.4 % exempt from state income tax. If you wish to be very clever, you can margin the bonds (up to 90%) and pay a slightly higher margin rate (7.5% at Waterhouse for over $50,000). Then next spring, after everything has collapsed and bond rates have gone way down, you will find you made a huge capital gain. Of course, if bonds go up you could lose a lot, but they won't do that if Greenspan gives the market another crack on the head in November. The important thing is to get out of bonds when they drop and buy land or techstocks on the rise. Talk to your live broker.