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

To: Earlie who wrote (78591)	3/24/2000 9:32:00 PM
From: Larry P.	Read Replies (1) \| Respond to of 132070

Earlie, you mention your favorite little gold stock up 150 %. May i ask which stock? I bought some ABX and FN (toronto) and both are down about 25 to 40% since I bought in. UUggh !! Looking for a better one. Thanks in advance. Larry P.

To: Earlie who wrote (78591)	3/25/2000 10:59:00 AM
From: Freedom Fighter	Read Replies (1) \| Respond to of 132070

Earlie, I've been casually following your back and forth with BGR about foreign holdings of US stocks and bonds. It seems to me that the worst medium term investment I have ever seen in my life is foreigners buying US stocks. Not only are they buying into the US stock bubble, but they are also taking a huge currency risk. There's really only two main ways to get rid of our trade deficit - devalue or go into a recession (or close). A recession would also probably cause a bust in the dollar. So foreigners could be looking at a 50%-60% decline in their equity holdings + a 30% or more decline in the USD. It would be a total disaster for them. To me, not only is that scenario possible, I'd have to say it's way better than a 50/50 proposition over the next few years. It seems to me that over the next 5 years the upside to that bet is very limited and the downside is going broke. Bad odds in my book. Wayne

To: Earlie who wrote (78591)	3/28/2000 12:35:00 AM
From: BGR	Read Replies (2) \| Respond to of 132070

Earlie, I do not invest in indices w/o a reason. Enough said. BTW, will a page full of stocks that are up 400% to 600% in a year be enough to convince you that we are in a bull market? Such data mining would prove nothing to me, BTW. As for the A/D line, I didn't expect you (of all people!) to resort to technical jargon with a socialistic bend to make a point. When the Japanese were not selling US stocks, everyone with a brain (i.e. those who do not confuse brains with a bull market, like Skeeter Bug) claimed that it was going to a big, big negative. Now that they are indeed selling, and the market is not budging, it is no big deal. Just like Y2K. Remember the alarmist views spread in this thread about that certain doomsday? The event came and went and was suddenly not a big deal any more. Needlessly crying wolf, Earlie, is not necessarily a smart thing to do. Even when it is done early. Guess why I doubt your figures all the time? As for the Dollar, Euro and Gold, take the probably off, make a bet and then we will talk. ;-) Otherwise it is all Luc-speak, that the market always crashes tomorrow, unless it doesn't. Fact is, I have been way more correct about the movement of foreign currencies and gold that anyone else on this thread, judging by the public posts. -BGR.