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

To: BGR who wrote (70156)	11/6/1999 11:19:00 AM
From: Freedom Fighter	Read Replies (1) \| Respond to of 132070

BGR, >>Since you hold poots from time to time, you have a vested interest in the market crashing, right? Why, then, should I take your opinions about the market to be more unbiased than those who hold calls?<< I'm fairly certain that everyone has some biases. In my defense, all I can say is that I am NET LONG and have been throughout the bull market. So I make a lot more money when it goes up than when in goes down. My occasional hostility is mostly based on a combination of my views about the overall market, the financial risk that poses for family, friends, co-workers, and the economy in general, and the unbalanced attitude of encouragment I perceive from so many. You can't see inside me and I can't see inside the people I trash from time to time. But I think human nature helps one to tell who is disagreeing with who from honest intellectual debate, and who is full of baloney. I hope you can perceive that I'm not full of it even when I'm wrong. I'm sure I've never trashed you nor you me and we disagree on things. >>BTW, if the entire US population (so it seems from your post) are in this conspiracy, who then are they conspiring against?<< Please don't use the word conspiracy. It implies that some coordinated seedy plot to get everyone is going on. That's not what I'm talking about. What I'm talking about is individual players acting in their own best interests. It just so happens, that many of the interests are aligned. "Everyone" wants the market to go up. However, that does not mean that "going up" is in best the long term interests of the country or of many of the participants (like the less sophisticated public). I "suspect" there are many people that cheerlead the bull for their own benefit that probably understand that but don't care. Warren Buffett was on "Nightline" awhile back. His comments were honest, informative, and clearly directed towards helping people understand. He warned of the dangers of excess and talked about BOTH the upside and DOWNSIDE. In fact, I've seen similar comments from Bill Gates. To me, that's the kind of responsible behavior that I think is appropriate. Maybe I'm asking too much. Wayne