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


To: Tommaso who wrote (49230)2/27/1999 8:30:00 PM
From: Knighty Tin  Read Replies (1) | Respond to of 132070
 
T, Being an old dude who has played many stock cycles, folks will call us insane for buying stocks. But it won't be the same folks. They disappear after a crash and it is like they have never owned stock. Except when they tell you how the crooks cheated them when they were planning for their retirement by maxing out margin, their credit lines, their plastic and borrowing from inlaws to buy the most overpriced crap on the planet at the top of the cycle. <g> Seriously, 95% of the "long term investors" who buy at the top because they don't worry about bear markets will not own stock when the bear is done with them. At that time they have learned a new pair of dimes, that stocks suck. That's when we buy.

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