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To: hueyone who wrote (121300)	7/3/2002 7:27:10 PM
From: marginmike	Read Replies (1) \| Respond to of 152472

The trick is being flexable and not getting married to one view, as many investors did and still do.

To: hueyone who wrote (121300)	7/4/2002 10:51:32 AM
From: Jon Koplik	Read Replies (1) \| Respond to of 152472

Re : "if the smart person has no clue, why go long stocks" -- very simple answer : If you live in a country that has a growing population (not true, by the way, in Japan or Germany any longer (if I remember correctly)). And you can reasonably expect that productivity and GDP will rise over time. And, the capital structure of corporations includes both equity and debt (so that owners of equity are guaranteed a leveraged return on their investment if the return on all assets of corporations increase in value). THEN, going long stocks absolutely should work. As has been said many times, this is how many of the wealthiest families in the U.S. became wealthy. I know it is difficult to "keep the faith" when stocks suck, but I am not sure anyone can refute the ideas given above. Jon.