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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: Smart_Money who wrote (98103)	7/28/2002 2:01:23 PM
From: augieboo	Respond to of 99280

The 22 year old kid talking about selling his car is probably going to do well, so long as he puts the $$ into a tax-deferred retirement-type account and leaves it there. Even if it gets cut in half in the next few years, 40 years of appreciation after that will make him happy some day that he decided to go without the wheels for a while. BUT! Another investor, who asked that his name not be published, is selling his $400,000 vacation home with plans to use $200,000 of it to add to his existing portfolio of blue-chip stocks. Assuming that $200k is the full equity he can pull out, this nitwit MF is going to pay, what, about $70,000 in taxes for the privilege of watching the remaining $130k drop to $65k. Buying "blue chips" he's going to need at least 20 years to break even, don't you think? JEEZ!!!!!!!!!!!!!!!!!

To: Smart_Money who wrote (98103)	7/28/2002 2:49:12 PM
From: Crimson Ghost	Read Replies (2) \| Respond to of 99280

There probably are a hundred investors bailing out for every one that is buying now. I know several who capitulated and vow never to play the market again. And anybody who is selling grossly overpriced real estate to buy stocks which at worst are modestly overpriced right now is far from an idiot in my book.

To: Smart_Money who wrote (98103)	7/28/2002 3:43:33 PM
From: ChrisJP	Read Replies (1) \| Respond to of 99280

Hi SmartMoney, In Washington DC, that kind of article is known as "Finding facts to fit the angle of your article". The journalist wanted to do a story about what a bargain the market is, so she found some examples to substantiate her angle. Not sure how $100B in mutual fund outflows fits in with this story, lol. Chris