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

To: Ilaine who wrote (45032)	1/30/1999 1:38:00 AM
From: Bonnie Bear	Respond to of 132070

it only takes one really bad day for a VERY large amount of money to change hands. :-) My instincts tell me that the world financial systems are broken when there's one trillion held in 401Ks and suddenly the market cap increases by 500B in the space of ninety days, but only in a few stocks.

To: Ilaine who wrote (45032)	1/30/1999 2:41:00 AM
From: Bonnie Bear	Read Replies (1) \| Respond to of 132070

come to the dark side... ustreas.gov here we have the national debt. As you can see, the stock market ("the economy") has always grown to meet the size of the debt, it used to be measured with the Dow. so the dow was about 500 when the debt was 500B, dow 1000 for debt 1000B, etc...and you can see that we should be at dow 5500 right about now. but there's a bunch of off-balance sheet thingies that kinda cropped up and the real debt is over 8 trillion, so we need an "economy" over 8 trillion to create enough taxes to pay for the installment payments. A big farce. Sooooo...with the bloated blimp of a stock market, guess where we are for market cap of the top 40 stocks? 5500 T. Top 100? 8.6 T, including "events" like yahoo and aol that suddenly show up there. Aaaaaamazing. The only way the feds can curb the disaster is to have MORE "economy" than debt so the tax payments are higher. So just who is the "smart" ones in this disaster? As for me, I get vertigo just looking at it all. :-(

To: Ilaine who wrote (45032)	1/30/1999 3:05:00 PM
From: Skeeter Bug	Read Replies (1) \| Respond to of 132070

cb, it is not dumb to double down in black jack when you have a 11 showing and the dealer has 6 showing. you might lose, but it is, in fact, the smart thing to do. you can't ever look to the past to prove smart or dumb. was it smart of someone to bet $1 and have 50k to 1 odds of winning $100 - even if they WIN? it is still dumb bet. while i can't argue the market has been bullish (market, not business), i can argue about about whether it is ever smart to bet on a grossly overvalued market. btw, cb, i'm 95% long. surprise you? does that make me smart? ;-) granted some have been dogs to date. not all, though. my lgndw is up nearly 200% since october. also, investing is a long run endeavor. remember ltcm? one of its managers was deemed a "master of the universe." why? he was right. well, at least until he was wrong ;-) that is... until he lost billions and became a "losah" who is now wrong. all those rights no longer matter... this is a vry dynamic game. a point to consider...