To: WBC who wrote (65418 ) 9/14/1998 12:36:00 PM From: K. M. Strickler Read Replies (3) | Respond to of 176387
W, This is really to all who answered my post to LT. Don't miss interpret my point here. LT and 'Dad' are probably correct at some point in time! The problem is just when that point is. It hasn't happened yet, but it truly is in the realm of possibility. It keeps me wondering how long this market can continue. There are some really interesting forces at work here, mentioning Russia, Asia, Latin America as far as markets, but how about the flooding in China, and weather related problems elsewhere in the world? The weather prognosticators are predicting a 'la Nina' for this year which is the opposite of the 'el Nino', and consequently the winter is supposed to be colder and wetter than in the past. Where we usually get 10-12" of snow per year, they are predicting 72" this coming winter! Will the energy network be able to handle the additional load? If you have watched the news, you will know that Russia is in some real trouble in preparing to feed the people this year. I just don't have the answers for this one! We are not getting any good news coverage since the entire country is paralyzed with this Clinton thing! So, if you 'go to cash', you really have to take 'possession' since leaving it in an account really is in the 'money market' which is subject to a 'downturn' in a 'meltdown'. If you take possession, better not put it in a bank, since that money is 'lent' out (and at a multiple) as loans. If those are defaulted on, you won't get your money there either as the banks won't have the 'cash' and the 'real estate' will be sold for back taxes to those with money. The house that I was raised in was built on farmland that had been lost due to taxes in the late '30s. Nope! Not clear at all! Tough decisions all around! Regards to all, Ken