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To: Danny who wrote (113310)12/22/2000 2:24:52 PM
From: GST  Respond to of 164684
 
Danny: In 89 I was talking to the top strategist at an investment bank in Japan that will go un-named. I asked him about the Nikkei which at that time was around 34,000. He said basically what you are saying -- he told me that sure there was some potential downside, although he didn't think it would last more than a few months, but he told me to remember that the Japanese would always buy stock, that it was practically guarenteed. Now, 11 or 12 years later, the Nikkei is still below 15,000. I have no doubt that it will eventually go to 34,000 again, if you have another ten or fifteen years. Most of the people here would not want to wait that long to get their money back --- and of course there is another thing that is more or less certain -- many of the companies traded on the Naz will go bankrupt long before we see 5000. Good luck. BTW, you are doing a lot of pencil sucking -- the New Economy thread was set up for that purpose when you feel the urge.



To: Danny who wrote (113310)12/23/2000 1:04:30 PM
From: H James Morris  Read Replies (1) | Respond to of 164684
 
>If there is anything that is 100% guaranted in this market,
it is not NASDAQ to touch 2000, it is not even NASDAQ to
touch 2300 again, but it is NASDAQ to touch 5000 again,
guaranted :)
Danny, now this kind of a statement got my attention.
Let me purpose this. If the Naz gets back to 5000, I'll deposit $1000 in your e-mail piggy bank account. If the Naz slumps to 1999 you'll put your $1000 in my piggy account.
The condition of this wager is regardless of the outcome we'll continue to have fun, and remain chat-line friends.
Do we have a deal?