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Strategies & Market Trends : Asia Forum -- Ignore unavailable to you. Want to Upgrade?

To: Goldbug Guru who wrote (5013)	7/2/1998 8:41:00 PM
From: Stitch	Read Replies (1) \| Respond to of 9980

Goldburg Guru, You recite a theme in your post that is more often being repeated on these threads as time goes on. I keep a copy of Galbraith's little pamphlet concerning market mania on my bedside bookcase and still pick it up occasionally to reread one of his cases. From tulips to Soth Sea ventures there is much in common with today's market I fear. The bear argument is a strong one, punctuated with a never ending stream of facts, while oft harkening back to previous market manias and their infamous outcomes. I fell to the bear around 14 months ago and have maintained a large cash position since then. All my reasons were and are rational. How foolish that seems now. Best, Stitch

To: Goldbug Guru who wrote (5013)	7/3/1998 5:55:00 AM
From: Thomas Haegin	Read Replies (1) \| Respond to of 9980

Every investor must decide for himself how much risk he is willing to take. I personally think that buying IBM at $115 is a better investment 5 year down the road than buying an ounce of Gold now at $290. So show me this in 5 years again. Thomas