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To: NOW who wrote (111550)7/7/2001 12:42:45 AM
From: patron_anejo_por_favor  Respond to of 436258
 
This part sounds like good advice around now, HO HO HO!

Unlike other life experiences, such as retirement, there is no effective way to plan for a genuine market panic, said White House chief economic advisor Lawrence Lindsey. However, he added, people can be proactive once the panic does hit. Among his suggestions:

¤ Eat your young. "It seems barbaric, but trust me, if you don't do it, someone else will, and you'll end up kicking yourself."

¤ If you live in Manhattan and hear somebody sing "It's Rainin' Men," don't hum along. Jump out of the way.

¤ Diversify your portfolio. Always sound advice, no matter the economic climate.

¤ Set aside 10 percent of your pre-tax income for firearms.

¤ Will your online broker be there in a market panic? Maybe it's time you switched to a Schwab One account. (paid advertisement)



To: NOW who wrote (111550)7/7/2001 7:24:08 AM
From: Crimson Ghost  Respond to of 436258
 
I recall one sage investor saying PANIC WHEN THE PUNDITS SAY DON'T PANIC.



To: NOW who wrote (111550)7/7/2001 10:46:22 AM
From: Lucretius  Read Replies (1) | Respond to of 436258
 
roflmao... perfect.