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To: Cynic 2005 who wrote (2456)	6/21/1998 10:40:00 PM
From: yard_man	Respond to of 86076

MMV, Someone who is close to me has invested a chunk of his hard-earned savings in repackaged car loans and consumer debt. He locked in a chunk of money for two years for 9.75%. I've tried to tell this person that there is considerable risk in tying up money this way, but I don't think he really understands that you can't get that kind of a return without taking on considerably more risk. Is it just because we have been burned a few times buying some puts prematurely that we are prone to doubt what Galbraith and others have said about this being an historic bubble? Thinking about getting out of stocks entirely, except for a few PM stocks that I have and just maintaining 4 - 5 good puts positions, until she blows. I'm starting to make some good money on the puts and that has me nervous near-term. -g-