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Technology Stocks : INTEL TRADER -- Ignore unavailable to you. Want to Upgrade?

To: Berney who wrote (7373)	12/6/1999 10:27:00 PM
From: MonsieurGonzo	Read Replies (1) \| Respond to of 11051

Berney:" ballistic 50 " well, this is getting ridiculous - and we both know it (^_^) I keep shaving them off +30%, and it seems like a few weeks later, I'm harvesting another crop +30% all over again. I've never seen anything quite like this, and I wouldn't want to be an investor, prudent or otherwise, when the music stops. Greenspan's dilemma is that the only tool he has is blunt: increase the Cost of Capital - and all this does is make Bonds a lousy investment, and Real Estate moreso. It's (interest rate changes) certainly not making anyone more prudent - indeed, I think it may be having just the opposite effect - gasoline on the fire, so to speak - because we're all making a fortune in the ballistic 50, even without leverage, even though we harvest something +30% every week or so... ...so why the hell should anyone buy bonds or property ? Just jump on board the nifty 50 gravy train and hold on to your hat ! fantastic; utterly fantastic ! -Steve