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To: marginmike who wrote (14215)	8/27/1998 11:45:00 PM
From: Maurice Winn	Read Replies (1) \| Respond to of 152472

Are we all having fun? The Dow is still above the level it was at when the Asian crisis began over a year ago. Ramsey has been waiting a year for this little dip in the USA markets so he will be out running around, singing and chirping, enjoying it all. Excessively margined people will be getting a lesson or two. But really, everyone should look back over many decades and you will see that markets vary up and down around 20% a year. One year up 20%, another down 20%. We are in the process of a decades long rapid gain in human development, a major beneficiary of which is the USA multinational and local industrial companies. Chris Reeder is having a lot of fun too! At last, at last, the crash. But there is no crash. The Nasdaq was down to 950 or so in 1996 after a bit of scaling and gutting of credit card stock buyers, mutual fund panickers and the same will happen this time round. The Nasdaq has only dropped a few hundred. Big Dippers are designed to get white knuckles on most people. Buying on dips isn't enough. There is real fear needed. Where even the sanguine start to check their margin balances, future expectations, trim their spending and start performing better at work. Now we wait to see if Paul Krugman was right about serial and parallel stupidity. I bet there is big printing going on right now to avoid a deflationary spiral. I've worried and tried my best to figure out over the past two years what will happen with a derivatives led debt collapse, bouncing around the world, collapsing the speculative empires. I still say Green$pan and pals print flat out. Interest rates drop. The panic abates. The improvident are cleaned out. The Dow then climbs right on out to 16000, Feb 2002, on the back of the newly inflated US$, which is even more the world's reserve currency. Having maintained my personal insurance policy of a low margin debt so that I could sustain a good sized worldwide prang, which is bound to come along now and then, I'd be disappointed if it didn't get tested. So far, my knuckles are not the slightest bit white. The sun is out, the lambs are frollicking at One Tree Hill. Spring is sprung. And the Big Dipper hasn't picked up too much speed for me. Yet! Don't people love the thrill of a roller coaster. Yes, Limtex, Mighty Q back "HOME". But don't depend on it lasting. For every seller there is a buyer. Mqurice

To: marginmike who wrote (14215)	8/27/1998 11:51:00 PM
From: straight life	Read Replies (1) \| Respond to of 152472

Whatever... the sun will shine tomorrow, or it'll rain and then the sun will shine next week. You've got your health (probably) use of your limbs, heart, liver (unlike some). You've got families, jobs, hobbies. Think about them and leave the corner of Broad and Wall St.for awhile; it's a big country after all. Ars longa; vita brevis. You don't know what tomorrow has in store for you; don't postpone joy.

To: marginmike who wrote (14215)	8/28/1998 3:01:00 AM
From: Dave	Read Replies (1) \| Respond to of 152472

Mike: RE: The last one about your Hong Kong friend is sheer nonsense. If one factory in Hong Kong is uncompetitive and cant sell jeans to Japan and Korea who cares. I agree since you cannot extrapolate data from 1 sample point, but what do you expect of Ramsey? Should he call up everyone he knows in SE Asia? dave

To: marginmike who wrote (14215)	8/30/1998 12:03:00 PM
From: waverider	Respond to of 152472

Hoping for the best when you should be expecting the worst. That is how you make money in the market. Putting a positive spin on possible negatives is a common investor mistake. <H> >>If one factory in Hong Kong is uncompetitive and cant sell jeans to Japan and Korea who cares. The garment business is unbelievably competitive,. Your friend's problem has more to do with currency exchange then anything else. I can counter that with my father in law does business in Korea, Russia, All of Asia and Japan. He tells me his business there is unbelievable. He tells me there some credit problems, and currency headaches but in a reasonable amount of time, his friends, say things will get straightened out.<<