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Pastimes : Don't Ask Rambi -- Ignore unavailable to you. Want to Upgrade?

To: Jack Clarke who wrote (6043)	1/10/1998 2:50:00 PM
From: Janice Shell	Read Replies (2) \| Respond to of 71178

Jack-- There's a lotta arrogance out there; as many have pointed out, most of these kids have never seen a bear market. And of course they're young enough to believe that the "new era" is the way things have always been. Still, most of the really senior people are older and more experienced; even the hotshot infant money managers are accountable. I think what underlies everything is the premise--entirely true--that if one had put x dollars in the stock market in 1900, it'd be worth zillions more by now, despite the depression and several recessions. Long term, they're probably right. Short term we could all get killed. God knows I really really didn't enjoy last week. Janice