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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Lee Lichterman III who wrote (34683)	10/28/1998 2:03:00 AM
From: Skeeter Bug	Read Replies (1) \| Respond to of 132070

lee, i'd like to add that those who do well in irrational markets may be... well... irrational ;-) i haven't done as well as i would have liked in this market. i've done ok. my ira is averaging 15+% a year while most of my current longs are near historical lows ;-) not too bad. i do wait for the day when rationality reappears, though, b/c that is an environment where i can be more successful. good luck.

To: Lee Lichterman III who wrote (34683)	10/28/1998 11:27:00 AM
From: Ilaine	Read Replies (2) \| Respond to of 132070

>>>>On the investing side though, time is irrelevant IMO and only good companies with solid FA and low PEs are a good play that can be bought, put in a drawer for years and forgotten about except to check occasionally to make sure no fundamentals have changed. Eventually, the market figures out who is worth what. Buy low and sell high.<<<< Lee, IMO, if our goal is to buy low and sell high, then time is not irrelevant. If the market is overvalued, how do you buy low? And if the bears on this thread are right, after the Big Kahuna, how you gonna sell high? CobaltBlue