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To: Mark Bartlett who wrote (30899)3/30/1999 5:43:00 PM
From: Bobby Yellin  Read Replies (1) | Respond to of 116972
 
you were ahead of me Mark :-) scarey isn't it



To: Mark Bartlett who wrote (30899)3/31/1999 3:39:00 PM
From: Alex  Respond to of 116972
 
Why is Buffett holding $15 billion in cash?????????

<<"This reaction makes no sense," Buffett wrote in a Feb. 27, 1998, letter to shareholders. Highs are good news only for sellers, not for people planning to buy stocks for years to come. Investors should rejoice when markets fall, he wrote.

The reason behind Buffett's view amounts to a truism: You make more money buying lower. Investors would do better buying the Dow stocks at last year's 8000 instead of today's 10,000. But the truism seems lost in the upward momentum of the moment; a moment when everybody wants the market to save their retirements, a moment when everybody is day trading or knows someone who is.>>

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