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To: Cynic 2005 who wrote (16814)	1/22/1999 9:06:00 PM
From: Cynic 2005	Read Replies (1) \| Respond to of 86076

Ice, there are so many similarities in the way Fleck think and many of us think here. But at times similarities his comments coincide with some of ours, made here on the same day. <<Beware of lions ... People are going to learn a very disturbing lesson - that liquidity will not always be there and stocks will not always trade at continuous prices. The folks who think, "Well, I'll always get out because I'll never take them home," will see that markets just don't act that way, as I've said many times. They are not like a pet kitten that you've trained to do your bidding and do nothing but make you money. They are lions that are ready to rip your head off and take all your money. And while people - the public in particular - think they have tamed the market and trained it and know exactly how it's going to work, most professionals know that's not possible. That's why you see the professionals being fearful of things and the public being so confident. Because quite honestly, without any knowledge of history and how these things work, in the immortal words of someone, ignorance is bliss. That's not meant to denigrate people; that's just meant to point out it's not as easy as it looks. You can have many years' worth of gains wiped out in the blink of an eye when the bubble bursts. And common sense would suggest that people should reflect on that. The important thing is not how much money you make, but how much money you make and keep. There's a big distinction if you think about it. >>

To: Cynic 2005 who wrote (16814)	1/22/1999 9:06:00 PM
From: Cynic 2005	Respond to of 86076

Ice, there are so many similarities in the way Fleck think and many of us think here. But at times similarities his comments coincide with some of ours, made here on the same day. <<Beware of lions ... People are going to learn a very disturbing lesson - that liquidity will not always be there and stocks will not always trade at continuous prices. The folks who think, "Well, I'll always get out because I'll never take them home," will see that markets just don't act that way, as I've said many times. They are not like a pet kitten that you've trained to do your bidding and do nothing but make you money. They are lions that are ready to rip your head off and take all your money. And while people - the public in particular - think they have tamed the market and trained it and know exactly how it's going to work, most professionals know that's not possible. That's why you see the professionals being fearful of things and the public being so confident. Because quite honestly, without any knowledge of history and how these things work, in the immortal words of someone, ignorance is bliss. That's not meant to denigrate people; that's just meant to point out it's not as easy as it looks. You can have many years' worth of gains wiped out in the blink of an eye when the bubble bursts. And common sense would suggest that people should reflect on that. The important thing is not how much money you make, but how much money you make and keep. There's a big distinction if you think about it. >>