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

To: Ilaine who wrote (38124)	12/3/1998 8:05:00 PM
From: Tommaso	Respond to of 132070

Although the figures are not very reliable, AMG data does show an outflow for the past week (click "NEWS"): amgdata.com As someone committed to bearish positions, my great fear is a surge of hubris that would take both stock and real estate markets up towards the Japanese excesses of ten years ago. I suppose I could just cointinue to commit more cash and savings to bear funds as the lunacy progressed. As I recall (and it's getting to be a very long recall), it's more fun dumping money into stocks at the depths of a bear market because one is actually buying something, whereas to bet against the bull requires taking hypothetical positions. And stock really does represent ownership, however attenuated and indirect. A short position is by definition short term, speculative, pessimistic, and even antisocial. Sort of like trying to pick the team that will finish at the bottom of its league and cheering every time the coach makes a mistake.

To: Ilaine who wrote (38124)	12/3/1998 8:46:00 PM
From: Knighty Tin	Read Replies (1) \| Respond to of 132070

Coby, You are now reading "Options By Dummy," which isn't quite the same as for. <G> McMillan is a good first book. Believe me, you don't want any pictures of Mac in that book. <G> I don't use short ratios much. But I think that means that 12 1/2% of the float is short, which is a lot. Waste Mgt., of course, has been a big disappointment for a lot of investors. I owned a couple of its subsidiaries a few years ago, Wheelabrator and Waste Mgt. Intl. Many folks see the parent as a bankruptcy candidate. WMI has huge interests in Asia, and folks are scared. It is still $47 a share, and I sold it at $36, so I don't see it as bellyup in hindsight. <G> MB