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To: yard_man who wrote (35139)5/24/2000 11:10:00 AM
From: Lymond  Respond to of 42523
 
We're discussing semantics here. The word often tends to take on a pejorative connotation -- ergo your addendum: often, in a somewhat depreciative sense, of unsound or hazardous transactions .

Speculate -- derived from the Latin speculatus -- to spy out, watch, examine; and then through French specere -- to look, look at.

According to both Websters and the OED:

First broad definition: "to meditate on or ponder a subject; examine, inspect, etc.." Also, according to the OED, "to engage in thought or reflection, especially of a conjectural or theoretical or spiritual nature."

Second broad definition: "to assume a business risk in hope of gain; especially to buy or sell in expectation of profiting from market fluctuations." Note it says "especially", not "exclusively". It was this former broad definition I had in mind. Also, "to invest money in an enterprise that entails considerable risk" -- here, the pejorative, narrower connotation of the word.

Third broad definition: "to take to be true on the basis of insufficient evidence". Negative connotation here again.

So it really all depends on one's usage; you clearly are referring the narrower definition, whereas I was thinking in terms of the broader one.

Or perhaps we should just forget all this and just speculate upon our navels <g>.