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To: DlphcOracl who wrote (12239)	4/4/2001 12:04:47 AM
From: Brandon	Respond to of 13572

Mark Haynes on CNBC. When asked what he was investing in, his response was (in effect): "Are you kidding? I'm 100% cash." He elaborated that there are no stocks to own in a bear market and he was most concerned about preserving his capital. He must have been a trader in a former life <G> On a more serious note, it would be rather foolish I guess for us to assume the folks on Wall Street have anything to say but buy, afterall if all of us dont buy into the idea of buy and hold with the same zeal a zelot has for Christ they are not going to keep making record profits. Another thing to consider is that over the last 20 years stocks have gone up. Sure there have been some hicups, but generally speaking, up up up up up. Buy it Baby, But it! Thats all they know and of course when something is what you know thats how you can talk about things. Its hard to get people to look at things the uncomfortable way. I always hate to look at one market and compare it to another, but I think there are a lot of similar things between the current market and Japans 10 years ago. I can remember people talking about Japan taking over the world and how they had this perfect system and how things are different over there. Sound familiar? One thing that scares me about our current situation is how innertwined our real estate and stock marktets have gotten. Both are bubbles (stocks too...look at longer term charts...still a bubble) and they fed off each other. When that frenzy ends we will see real selling and huge loss of wealth, maybe on a scale the world has never seen before. Oh well, I should shut up before I start to sound like Pretcher, that wouldnt be good. The only good thing I see right now is just how bearish the dummies are. Everyone wants to short and hold. "Hey sonny, see that CMGI short, its gonna put you through college boy" and when that happens the market can get diabolical. I remember last year when Toni (my fiance) wrote an article on T/A for thestreet.com, and one guy said all that was too much work, and mumbo jumbo too boot. All you have to do is buy CSCO, it only goes up. About three weeks later was the top in CSCO...DOH!!! Brandon