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To: Bill F. who wrote (85837)3/26/2001 8:59:15 PM
From: JRI  Read Replies (1) | Respond to of 436258
 
Hey Bill...did you catch this fund manager on CNBS today? Fred Sears of Investor's Capital is the name......his picks since Nov. 1st are down 70%, 64%, 67% respectively.......I nearly busted a gut when he pulled out the "we don't look at stocks day-by-day, we invest for the long-term" mantra....I'd say so, Fred <G>.....Funny thing is, he said it like he meant it...his demeanor was....well....bubbly....

Its pretty bad when even Maria is successful at bustin' your chops (like this guy)...

Only thing better (or worse- take your pick).....was Easy Al
Goldman talking about how we were forming yet another bottom (that's Al's 14th bottom call, by the way), and are about ready to start another bull run....His targets are 1400 on the SnP, and 2800.....but they are "variable" or something like that ("Don't hold me to it")....

Goldman has a batting average lower than Chico Escuela at this point.....



To: Bill F. who wrote (85837)5/5/2001 3:08:04 PM
From: Knighty Tin  Respond to of 436258
 
To All, Great quote today in Barron's, though the quote is not as well-known as the quoter: "Harry Nelson...on March 24, 1930...warned of 'the prompt return of huge speculation and the liberal manner in which current earnings are again being discounted.'" Abelson then goes on to say "We're indebted to Bill Fleckenstein, a scholar as well as a money manager, for the quote. Bill reminded us that Harry's warnings were sounded roughly 3 weeks before the peak of "the famous suckers' rally, after which the market dropped a mere 90% over the next two years."

Way to go, Bill. As if I didn't have enough worries with my life savings on a 17 horse Kentucky Derby. <g>