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Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?

To: Jack Clarke who wrote (14247)	2/17/1998 8:16:00 PM
From: Mike M2	Read Replies (3) \| Respond to of 18056

Jack, well said you are not alone in your thinking. Mike

To: Jack Clarke who wrote (14247)	2/17/1998 8:21:00 PM
From: Tommaso	Read Replies (1) \| Respond to of 18056

I don't care what Keynes said. A rational investment attitude (which yours seems to me to be) will eventually prove best. Keynes himself did some very foolish things with investments--his own and other peoples'. Which is not to try to discredit some very important insights that he added to economic theory.

To: Jack Clarke who wrote (14247)	2/17/1998 8:29:00 PM
From: Liatris Spicata	Read Replies (1) \| Respond to of 18056

Hold on, Doc- <<they use their earnings to buy more of their own stock, driving the price up for everybody else, but not accomplishing anything else to make the company really worth more>> I guess company stock repurchases tend to increase a stock's price- but it's not a sure thing. It does mean less cash on hand, you know. Moreover, if I own 0.0001% of a company before a stock repurchase, and then after the repurchase I own 0.00011%, I own a larger part of a business that I found desirable in the first place. N'est-ce pas? Laurent

To: Jack Clarke who wrote (14247)	2/17/1998 10:12:00 PM
From: Bonnie Bear	Read Replies (1) \| Respond to of 18056

Jack: I've been limiting my buys to microcaps and/or little profitable brokerages with internet access--and stocks in pension fund companies. This sector is still at 1990 valuations, adjusted for interest rates. No micron for me, thanks! The market could churn like this for many years going sideways, rather than go down. But I do notice that the public is beginning to take to internet stock trading much like gambling...and gambling is an ancient and revered vice of mankind not likely to go away in my lifetime. I just want some money on the dealer side of the house :-)