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To: LoLoLoLita who wrote (7736)	3/2/1998 12:09:00 PM
From: craig crawford	Read Replies (1) \| Respond to of 27307

<< I was talking about the S&P 500, not the Nikkei Anyone who shorted the S&P 500 10 years ago and held on for all 10 years is one heck of a stupid bunny. >> I realize you were talking about the S&P. My argument still holds. You said most people don't short for the long term. I merely gave you the example of the Nikkei as an index that you could have shorted for many years and done well. As for the S&P, when this bubble we are in bursts you will probably be able to successfully short the S&P for many years just like the Nikkei. The S&P topped out in 1929 and didn't bottom until 1932 before moving higher. You could have been short for 3 years. The S&P made another top in 1937 and didn't bottom out until 1942 (6 years later) let alone make new highs until 1946. My argument is sometimes there is nothing wrong with shorting something for a long time.