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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (99065)	6/3/2003 3:27:54 PM
From: Tommaso	Respond to of 132070

You know, you are right about that. I guess I am hoping it's more like 1999 than 2000. My guess is that there will have to be two quarters of convincing 6% or worse inflation for the Fed to start hitting the brakes, but when it happens, Juno might rise 50% in eighteen months. I am going to try to ride the inflation escalator up using the royalty trusts as proxies for commodities, and switch to Juno before the clamps go onto the money. As with BEARX, I got into Juno too soon, but this time I only went in with about 5 percent of assets instead of the 60% that I put into BEARX prematurely. Not that this is a reliable analogy. But I did not enjoy being short XLK and deep into BEARX from the start of 1998. At least the royalty trusts pay huge dividends, unlike the tech stocks. This investment (speculation) business is like being in a permanent shipwreck--you just grab whatever looks best and hang on until it doesn't look as good as something else.