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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: James Clarke who wrote (2900)	1/1/1998 12:03:00 PM
From: Michael Burry	Read Replies (2) \| Respond to of 78530

Uh-oh, I couldn't agree more. Should that worry us? BTW, has everyone seen the PBS investing special? It interviews Lynch, Bernstein, Cramer, the Fools - all sorts of people and has a lot of surprisingly good commentary on what we are all experiencing in this market. They focus on one "typical" couple that made a good amount on IOM I think and then got out at the top- despite knowing nada about it. Now they've put 80% of their money in one stock that they got into "because it's supposed to double by August" according to "somebody" and they don't even know the stock's name. They have a kid, are young and just starting out. At the end of the program, they say that they made out pretty well on that stock too and have now put that money into 2 similar stocks. A rising bull floats all boats but... If they are like most they probably had $4000 in credit card debt. Peter Bernstein commented that this is typical -playing with "blood money" and compares it to the 20's. Mike