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

To: Terry Maloney who wrote (73075)	1/7/2000 7:15:00 PM
From: Freedom Fighter	Read Replies (1) \| Respond to of 132070

Terry, Trying to understand what's going on is a relatively new challenge for me. (g) I had reasonable success for many years despite not knowing much about financial system or other macro economic issues. I just bought great companies when they dipped to prices that made sense to me. A simple Ben Graham strategy. That stopped being a workable strategy when blue chip prices got loony. Somewhere about 3-4 years ago I came to the conclusion that I could do better if I understood more. Every time I think I understand what's going on, I am humbled in short order. The whole experience has been a net negative for me "so far" because I've wasted money trying to protect what I already have based on my views. I think we are in a huge bubble that will eventually burst in major way. I want to survive it and preferably profit from it. This much I am confident in. If a central bank is very loose with credit it's a huge plus for stock prices and vice versa. (no big insight here) Governments and central banks will routinely intervene in free market corrections of excesses no matter what the implications on a longer term basis. There are some large players whose strategy in not value, momentum, or investment based. They are specifically trying to profit by creating short covering rallies, squeezes, and other stock price manipulations. Wayne