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To: Jim McMannis who wrote (94840)1/2/2000 6:11:00 PM
From: Tony Viola  Respond to of 186894
 
Jim, The world is full of market predictors. If we held all there feet to the fire for bad predictions there would be a bunch of burned
footed people limping on Wall side Streets. As a society, we are much to forgiving for that. I suppose the important thing is
that you are doing well..


I think if anyone makes too many bad calls, they don't get called on any public carpet, rather, they just disappear. Here's what a bear fund chart looks like:

stockmaster.com

As the kids would say: oh, ick!

Tony



To: Jim McMannis who wrote (94840)1/3/2000 6:57:00 AM
From: Burt Masnick  Read Replies (1) | Respond to of 186894
 
Jim, everyone in the market predicts the market. But the professional prognosticators move markets (see Qualcomm) and affect an awful lot of decisions. The serious investor usually weighs several sources and forms an independent judgement, but lots of folks rely on "the experts". If their batting averages are published, their influence would diminish sharply (at least the bad ones). Perhaps the most famous prediction of all was the October 1929 prediction by economist Professor Edwin Fisher that "Stock prices have reached a permenently high plateau". How much would you have wanted to listen to his further advice after late October of 1929? And yes, I'm doing fine with my long term hold of Intel. You don't want to know my price basis.

Burt



To: Jim McMannis who wrote (94840)1/4/2000 8:22:00 AM
From: Road Walker  Read Replies (3) | Respond to of 186894
 
Jim, re: Y2K

I thought of you about 1 AM on Jan 1. I came back from a party and my PC had crashed. It wouldn't reboot, wouldn't even check drives for a start up disk. My first thought was S**T, McMannis was right!

Turned out to be an non-Y2K problem, but what a coincidence.

FWIW: Futures look very grim this morning...

John