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

To: BGR who wrote (48175)	2/21/1999 5:30:00 PM
From: Skeeter Bug	Read Replies (1) \| Respond to of 132070

we have made an emotional improvement. today IS a good day. ;-) there is something to be said for buy and hold, i agree. the only thing i would add is that the buys ought to be more at low valuations and - because you have to sell - sell more at high levels. a quirk of human nature is that more people buy more stock at tops than at bottoms. this is EXACTLY the opposite of what should happen. well, maybe that quirk IS the definition of tops and bottoms ;-) in the long run we are all dead. good luck and, most of all - enjoy the journey!

To: BGR who wrote (48175)	2/21/1999 5:31:00 PM
From: accountclosed	Read Replies (2) \| Respond to of 132070

BGR, For the market to have any degree of efficiency, there must be professionals that digest the available information and make judgments. On this thread less than 20 posts above you is Bill Fleckenstein posting to MB. MB at one time ran the largest mutual fund in this country. I talk every day on SI to Bill Meehan, the chief market strategist at Cantor Fitzgerald. Other luminaries such as James Cramer post to SI regularly. We are surrounded by professional traders, Wall Street insiders, people positioned highly in the business world, professors, etc. SI is not an environment catering to the average investor. The people that put forth the energy here to study the markets seem to believe that their study, research and energy is a worthwhile endeavor. The argument just doesn't fly here. Tell a full time trader that they can't beat the market is like telling them they have no career and no future. I thought that people were being generous by responding to you that to an extent the market was efficient. And at certain times, it is more efficient than others. Many people here earn all or a great deal of their living from the markets and are not just going to say "OK, you're right, now what do I do instead for a living." Are there other topics we might debate?