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Strategies & Market Trends : Bear! -- Ignore unavailable to you. Want to Upgrade?

To: jbe who wrote (79)	5/20/1998 11:32:00 PM
From: Mike 2.0	Read Replies (4) \| Respond to of 271

Well you piqued my curiosity, and I found this abstract on the Wash. Post's website (did an Archive search on James Glassman). The whole article requires a fee...wasn't _that_ curious :-) Anyone else hear of this? The Inside Scoop Article 25 of 150 found By James K. Glassman Sunday, November 2, 1997 ; Page H01 Section: Financial Article ID: 9711020077 -- 189 words A good idea for a wild market: It's a bank certificate of deposit (insured by the FDIC) and issued for a five- or 10-year term, but, instead of fixed interest, you get a lump sum at maturity based on the rise in the stock market over that time. For example, if you invest $10,000 and the S&P 500 index doubles, you get back $20,000. If the S&P falls 20 percent (or more), you still get your $10,000 back.

To: jbe who wrote (79)	5/21/1998 12:23:00 AM
From: James Clarke	Read Replies (1) \| Respond to of 271

So you get 60% of the upside, but none of the downside? Sounds too good to be true. How would you do that. Certainly not with a stock/bond mix. Because if interest rates rise, both parts of that portfolio tank. A stock/cash mix? No, you've still got the downside. Must be something like a stock + market puts mix. Still sounds too good to be true, which means it probably is. But if you can dig up what this Glassman guy is thinking, I'd be happy to contribute some real thinking on the subject. Jim