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

To: accountclosed who wrote (36245)	11/14/1998 10:29:00 PM
From: Ilaine	Respond to of 132070

>>>>>my response has been that the excesses in certain areas are so great that i fear what will happen even in reasonably priced areas. Do you conclude the same?<<<<< I FEAR the same. I do not CONCLUDE the same, because I just don't know enough. I am constantly assessing my alternatives, which run the gamut between cash equivalent and low risk/low return (CDs, money market, treasuries), all the way to high risk/high return. I am reasonably prudent, very motivated, and learning all the time. I note that some (like Burke) know much more than I do, and manage better than I do to navigate without taking a bath. There are others who post here who may also do quite well, and certainly have insight ("monkey with a buy button" is classic). It seems to me that even the bears on this thread are starting to wonder whether they should throw in the towel and jump on the bandwagon - - history tells us that's when we've reached the top. On the other hand, I have read that only 1% of shares, on the average, are traded in the market. Burke says 'buy and hold' is for dummies. I am reminded of a local attorney who has handled real estate transactions for some Sikhs in a nearby, rural county. They buy property that anyone would die to have - - in about a hundred years. They buy it for the great-grandchildren. They pay cash. They have always done it this way. That, my friend, is prudence. CobaltBlue