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

To: Denice who wrote (37952)	12/2/1998 12:03:00 PM
From: Knighty Tin	Read Replies (3) \| Respond to of 132070

Denice, You are dead wrong on the better looking part. <G> I would get out of the equity fund. I think the move down that is coming will be big enough to make even a 20 year outlook seem too short term. But that is just my opinion. I would have said the same thing 3000 points ago on the Dow. MB

To: Denice who wrote (37952)	12/2/1998 12:45:00 PM
From: Mike M2	Respond to of 132070

Denice, take the money and run. Market timing and top picking is extremely difficult but at these levels cashing out is a no brainer. Joe Kennedy said only a fool holds out for top dollar. Bernard Baruch said he got rich by selling too soon. J Paul Getty said he got rich by buying what others were selling and selling what others are buying. The point of these quotes is to emphasize that these guys understood how rapidly liquidity disappears in a falling market. This mkt is THE most expensive in history by a huge margin based upon PE, BV, Prices sales, mkt cap to GDP you name it it is insane. In 29 mkt cap to GDP was about 80% we are currently at 140 -150%. This mkt could fall 50% and still be perhaps the most expensive in history. Public participation and % of net worth is at record levels. everyone is on board who is left to perpetuate the trend? or the old cliche " to whom will they sell?" . The trouble is the public looks to Wall St for investment advice and they have a vested interest in the continuation of the bull mkt so they simply try to rationalize the absurd aspects of this historic bubble. If you are long term oriented raise crash, wait for the inevitable decline of at least 50% you will be buying stocks when the crowd is selling, when the public rejects stocks. There are many interesting bear perspectives at fiendbear.com look at current links of interest and current articles. Mike

To: Denice who wrote (37952)	12/2/1998 12:53:00 PM
From: Tommaso	Read Replies (1) \| Respond to of 132070

When good fortune comes tapping At your wee cabin door If she catches you napping She will come there no more. This time I will venture advice: sell, get into a government money market, and wait. And wait. Take up something entirely new for a couple of years that takes your mind off the markets.

To: Denice who wrote (37952)	12/2/1998 1:31:00 PM
From: Skeeter Bug	Read Replies (1) \| Respond to of 132070

>>Since y'all are so much smarter and probably better looking (smile), I am asking for an opinion.<< denice, we're not smarter than mike but we are ALL better looking ;-) if YOU think the market goes down then sell it and put in a safe cash account. if YOU aren't sure you can sell a portion - 25%, 50%, 75% or whatever - and put it in a cash account and leave the rest in play. good luck. btw, after the market drop ever so long ago ;-) my father was telling my mom he could've sold some stock and paid off the mortgage. now the market is up my mother is yelling, sell, sell and my father wants to hold ;-)