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To: marginmike who wrote (10284)	8/17/2001 11:09:07 AM
From: AllansAlias	Read Replies (2) \| Respond to of 209892

You and I are posting just now regarding the same sort of bubble-think. Dull minds seldom differ. (Wait! That's not what I was looking to say. -g) I saw on another board the other day how this guy had put all he could into internet infrastructure and was just going to hold on tight through it all. What can one say to that sort of thinking? Folks just can not get their minds to accept that we could see an 8-12 year bear market as easy as pie. Happened many times in the past after good bull runs and will happen again as sure as sunrises -- eventually.

To: marginmike who wrote (10284)	8/17/2001 11:09:38 AM
From: JRI	Respond to of 209892

Here's a story for ya': I know a guy whose work in upper management at a medium-sized brokerage. He has been recommending very safe, conservative investment strategies this year to clients who are near retirement age, and who have lost a good chunk of their portfolios listening to (other) brokers the last year/two. 6-8% annual return the goal. One of the principles of the firm REEMED my buddy for not recommending stocks, claiming "that's (stocks) how we make our money"..This principle has lost 80% of his managed clients money (well over $100m) over last year and half. The principle is in total denial, so says my buddy, about what's going on, and refuses to change a thing. Nope, the bottom ain't in. Still LOTS of denial out there. And Abbey Jo is still respected. Until she becomes maligned for her numerous bad calls, ain't no bottom in.