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Pastimes : All Clowns Must Be Destroyed -- Ignore unavailable to you. Want to Upgrade?

To: Cynic 2005 who wrote (28140)	4/21/2000 1:36:00 PM
From: Glenn D. Rudolph	Respond to of 42523

We don't give a rats ass if someone lost money on his/her foolishness. We get very rough with them if they try to pass the buck - the mantle of blame. A bunch of us lost a lot of moolah in puts. While we blame no one but ourselves for the losses, we are very critical about one body - the Federal Reserve Board for fostering a mammooth moral hazard. We think that they made a complete mokery of the free markets by repeatedly bailing out irresponsible lenders. Cynic, What a cool name LOL<G> I never blame my losses short or long on anyone. I recall vividly the day the Fed lowered rates one half hour prior to market close on an expiration day with the apparent attempt to bail out LCTM. I was short a lot of shares of AMZN that day. I forgt the exact number maybe due to wanting to forget. Anyhow, that rate drop costs me a six figure loss in one half hour. I do not blame them but surely do believe those that had money in LCTM didn't need the feds help. I could have used it more:-) I am not really a market bull or bear. I try to play the market based on valuation or at least use to. I was at one time reasonably good at FA in my opinion. That no longer works for me so I do take long positions based on I "market perception." Glenn