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Strategies & Market Trends : Bill Fleckenstein, the BEAR! Is he finally right? -- Ignore unavailable to you. Want to Upgrade?

To: Mike M2 who wrote (193)	1/14/1999 12:43:00 AM
From: PaperChase	Read Replies (1) \| Respond to of 259

>>I expect the Dow to go back into the 3xxx range.<< And you to have a right to be wrong. <G> With such an extreme contrarian belief, I would expect you would be backing up your belief with action such as a portfolio invested in numerous puts.

To: Mike M2 who wrote (193)	1/14/1999 2:17:00 AM
From: PaperChase	Read Replies (2) \| Respond to of 259

Just visited Bill Fleck's column even though I promised I would boycott his cynicism. This man is desperate to find the catalyst for a market collapse. C'mon Bill. We all know about Europe, SE Asia, a horny U.S. President, and now Brazil. You are looking in the wrong place for a catalyst. The catalyst will be Year 2000 worries in late summer. But it will cause a dip from even higher index averages. No crash, just a fun dip. So here is some investing advice for Bill Fleckenstein. Learn from your mistakes of trying to interpret and understand the broader market and buy the dip that will inevitably occur. You can do it, you know you can. Imagine how glorious your reputation would be if you would just buy big name stocks when they go down and sell them when they go up. Laugh at this simplistic investing approach dear friend but this eloquent and thought provoking approach is minting millionares every day. Them dips are party opportunities. And Mr. Fleckenstein, if you insist on being a party pooper, may I suggest that you save yourself by at least emulating Michael Burke's put strategy. I'm sorry I must scold you dear friend but your investment column is really very cynical and somewhat bitter. May I suggest you reinvent yourself and start with a new approach?