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To: Ahda who wrote (46687)	1/5/2000 5:45:00 PM
From: Rarebird	Read Replies (3) \| Respond to of 116768

How many people do you know who think 10 years out any more? This Stock market has become Hit and Run. What have you done for me lately? Fundamentals are dead in the new era. Just point and click, take a glance at the technicals and pile on momentum style. Take the money and run. Sure the fundamentals always win out eventually. But why sit around and wait for the fundamentals to reassert themselves when you can play the phony game and make a mint? When the party officially ends in the Nasdaq High Fliers sometime this year, they'll make a party in another sector. You think they really care which sectors they pick or which asset class they choose as long as they make money? Waiting for Value to come to the forefront with this Teflon President, this Administration and all the New Era folks who are pointing and clicking, is like Waiting for Godot . Good Luck. When the Endgame comes to this great Bull Market, when we reach checkmate with higher rates, no growth, a faltering dollar and the whole process reverses on itself, they'll come back to the gold stocks and play with them like they played with Yahoo. It's all one big game or farce. There is a reason for everything, as Leibnitz, would say. Morality left the realm of reason after they killed Socrates.

To: Ahda who wrote (46687)	1/5/2000 7:44:00 PM
From: long-gone	Respond to of 116768

a very good read: THE PERILS OF GOVERNMENT INVESTING by Michael Tanner Michael Tanner is director of health and welfare studies at the Cato Institute. Executive Summary The current Social Security system is unsustainable. As President Clinton has pointed out, the only alternative to tax increases or benefit cuts is to increase the rate of return to investment of Social Security funds. That means either allowing individuals to invest their own Social Security taxes or allowing the government to invest them. Supporters of government investing claim that it would allow the government to reap the benefits of the higher returns available in private capital markets, incur lower administrative costs than individual accounts, and allow the government to spread the risk of poor investment performance. On the surface, that approach may have some appeal; in reality it is fraught with peril.(cont) cato.org