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Pastimes : The Naked Truth - Big Kahuna a Myth -- Ignore unavailable to you. Want to Upgrade?

To: Joseph G. who wrote (2443)	6/20/1998 11:10:00 PM
From: HH	Read Replies (1) \| Respond to of 86076

G7 statement: "they welcomed recent announcements by Japan of its determination to restructure its financial system as a matter of highest urgency, including the prompt disposal of bad assets", disposal of bad assets..... hhmmmmmmmm I wonder how ugly she be? HH

To: Joseph G. who wrote (2443)	6/21/1998 11:43:00 AM
From: Cynic 2005	Read Replies (2) \| Respond to of 86076

I know you would love this! {Alan Ableson in this Week's Barraon's) -------------- Besides showering riches on the average man in the Street and fueling perhaps the most satisfying economic expansion in history -- a boom without tears -- this greatest of all bull markets has completely reformulated truisms that investors have lived -- and sometimes died -- by, ever since the Buttonwood Tree was a spindly sapling. For example, remember the ancient maxim: Bulls make money, bears make money, but pigs never do? The new, improved version is: Bulls make money, bears make money, but pigs make more money than anyone. Another old cautionary chestnut, "Where are the customers' yachts?" has been properly updated to "Where are the customers' yachts? Why, out there in the deep water, where the really big boats are moored." And the hoary story about the customer, after frantically accumulating a stock until his buying pushes the price clear out of sight, triumphantly ordering his broker to sell, prompting the broker's famous reply: "To whom?" is hopelessly passe. Even the greenest rookie broker knows that no matter how improbably a stock has appreciated and what absurdly inflated levels it has reached, there's always a momentum investor out there cheerfully waiting to buy it.