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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: westpacific who wrote (3411)	5/3/2001 11:34:18 PM
From: westpacific	Read Replies (2) \| Respond to of 74559

Cobalt - <<5000 banks failed in the 1920's - prior to 1929. We don't have that. In the Great Crash, from 1929 to 1932, the US market cap of all equities traded on the NYSE went down 85%. We don't have that.>> No instead we have banks holding massive derivative issues - junk, with massive risk exposure to emerging nations. The NYSE was the only game in town as there was no NASDAQ then - yet how much did the NAS crash. And the bubble in the DOW has yet to burst, but it will IMO. I beg to differ. West

To: westpacific who wrote (3411)	5/4/2001 12:06:14 AM
From: YourKing	Respond to of 74559

WP - Line up just like sheep................. <Pezz - the next 10 years most Americans will be lucky if they do 5% a year in the stock market. And do not believe me - that is a direct quote from the Buffett man. And do I love him.>

To: westpacific who wrote (3411)	5/4/2001 10:10:36 AM
From: JHP	Respond to of 74559

""I just invested in a fund that locks in my capital for 8 years but gives me a 12.5% return. Safe, secure within a major European organization."" gee if you had invested in Pacific gas and eletric 5 years ago you would have sprouted the same crap. how about California edison? regards john

To: westpacific who wrote (3411)	5/4/2001 10:48:10 AM
From: pezz	Read Replies (3) \| Respond to of 74559

It's a market of stocks ........some will do better than others. Diversification is for folks that want to be onna par with the market. I expect to beat the averages soundly. Besides Buffet is talking about large caps and furthermore trying to predict 10 years out is crazy IMO. I suppose if you do get 12.5% return that will satisfy you but a guarantied return seems pretty boring to me.....I would play the "great Game" for match sticks if necessary....... I guess my ego needs the stimulation that the clash of risk vs reward brings.