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

To: epicure who wrote (42199)	1/4/1999 10:15:00 PM
From: Ilaine	Read Replies (1) \| Respond to of 132070

>>>>>But compared to the Happy one you are a bear<<<<< Yes. And a wet blanket. And a party pooper. No fun. Etc. Probably pull the wings off flies, and mistreat small animals for kicks. I have been thinking about the discussion, and thinking about how Mike-and-Will keep warning us that gloom-and-doom is coming, and wondering if it is, in fact, inevitable, that there must always be a crash. The most sane voice on the other side, at least that has bothered to show up on this thread, is probably Mary Cluny, who has an optimistic view of human nature. She believes that the individual, empowered by the net, will change the course of investing, make it more rational, as the individual has done so in so many things over the last few hundred years. What would happen if we heeded Mike-and-Will's warnings, could we change our behavior and stave off BK? Maybe it's like a disease, like cholera or diptheria, or scurvy, that the intellectual equivalent of clean water and soap and a good diet can prevent. I think that is Mary's point. I don't think anyone really wants the market to crash. Maybe in the short term a few would benefit, but not as much as if it were rational, and relatively predictable. We would find it intolerable if our banks crashed. We no longer accept that. Maybe some day stock market crashes will be as unthinkable as bank failures. Just a thought.