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To: Knighty Tin who wrote (146912)1/29/2002 4:08:36 PM
From: KeepItSimple  Read Replies (1) | Respond to of 436258
 
I can think of a few other places.

Bankruptcy.

Debtor prison.

The poorhouse.

Up the creek without a paddle.

you get the drift..

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Not only that, but you have to own large cap US stocks. "There is nowhere else to go." Oh, yes there is. Lots and lots of other places.



To: Knighty Tin who wrote (146912)1/29/2002 4:09:15 PM
From: GraceZ  Read Replies (1) | Respond to of 436258
 
part of it has to do with the fact that folks have watched Suze Ormon

I have to turn the sound off when she's on, I have the irresistible urge to slap her. WTF is wrong with telling people to hold cash! They don't have to start getting into shorting or make ill timed fixed income bets, they can just stand aside and get return of their money, preserve their capital. The reason they won't do this is because they are afraid to be temporarily wrong and looking stupid, afraid to get those calls, "Hey, the market was rocking today how come we're in cash?"



To: Knighty Tin who wrote (146912)1/29/2002 4:11:45 PM
From: benwood  Read Replies (1) | Respond to of 436258
 
I think Suze Orman has a lot of great things to say, but when I heard her talking about stocks a few months ago, I thought that was a bad sign. Somebody called in and asked her about Lucent, which she said was a great company, yada yada. I got the feeling that Lucent, the image, was in front of her mind, and that's not good DD. She has great advice in many areas for people that are newbies at financial matters, though -- unexpected widowers, for example -- but she needs to think through the Wall Street casino a bit, I think.