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

To: geewiz who wrote (34751)	10/29/1998 8:23:00 AM
From: accountclosed	Read Replies (1) \| Respond to of 132070

I was not meaning a purchase of a car or house as a market timing issue. The scenario of declining housing values, etc. is not lost on me. But...I take far less dogmatic views than are often expressed on si. If any of us knew, for a fact, where markets were headed, we would make bill gates look like a pauper. I wouldn't be working for a living. What I was trying to say was these markets, in my opinion, are fraught with an unusual level of risk. In both directions (if they will value ebay at 80, who's to say they won't put it to 2000). My point was <<if you really need something>> consider doing it. Life isn't always about market timing. Sometimes I might say to myself this market is crazy and unsustainable. I don't get it. I don't know when sanity will be restored. But I do know the value to me to get rid of that old clunker car that always breaks down. Thinking along those lines. If investment were the only alternative, like MB, I would consider other options as well as stocks at times. But this is not really the forum for that.

To: geewiz who wrote (34751)	10/29/1998 8:55:00 AM
From: accountclosed	Read Replies (2) \| Respond to of 132070

I have another set of thoughts on this issue. Please don't think I am trying to pick a fight in responding. I appreciate the challenge. I guess I joined this forum, in part, to try out some of my views. I have seen real life examples of people who run around the monopoly board of life accumulating more and more and more. Never questioning why they got in the game in the first place. Perhaps a better way of putting what I was trying to say about stuff, is that I think it is always useful to consider what your goals are. If hypothetically someone has been faithfully investing towards some goal, is that goal in sight now? It is really impossible to tailor such comments to everyone's situation. Everyone brings something different to the markets. The crazier the market, and in my opinion October has been one of the least sane periods in years, the more I am inclined to go back to first principles..."ok, what are my overall goals"...

To: geewiz who wrote (34751)	10/29/1998 9:38:00 AM
From: Mike M2	Read Replies (2) \| Respond to of 132070

Art, I agree that if possible major purchases should be deferred. I expect real estate prices to fall in the NYC metro area ( at least 20% since that was the decline I witnessed from the 87 crash to the 91 recession)It could easily be worse.-can't speak for the rest of the country. I also expect many slightly used expensive cars to be turned on the market. Cars are more durable than ever make it do wear it out when it breaks do without. Mike