Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (90757)	4/26/2001 9:27:26 PM
From: Tommaso	Read Replies (1) \| Respond to of 132070

But bailing out of equities does not create money. If anything, it shrinks the margin credits outstanding. I think the Fed is buying in bonds and encouraging banks to extend or increase credit lines. Now maybe these new credits are accumulating in demand deposit accounts instead of being spent to support equities markets. I don't think anyone can understand all these things or keep them in mind. Even Keynes (and even Benjamin Graham) were flummoxed by the 1929 bubble. It became a context for them. A much lesser mortal like me allowed myself to be a little persuaded by the loud vociferations of Lucent fanatics into selling my LEAP puts long before they attained maximum value. We depend so much on other human beings in so many ways that a contagion of opinion is impossible to resist. Even computers are configured to imitate human failings. Granting all that, I am doing a lot better than any mutual fund that I know of. While making plenty of mistakes. Best move was on December 11, 2000, buying heavily into the NG royalty trust, SJT. Since then I have collected about 10% in royalties and the stock has appreciated 50%. I want out, but would like long term gains. I continue to add to the longest term DJX puts, and also my gold calls are looking OK now. Plus a whole menagerie of energy stocks and plays. Only the Euro is not cooperating right now.