Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Mama Bear who wrote (57503)	4/26/1999 7:24:00 PM
From: per strandberg	Read Replies (6) \| Respond to of 132070

Mama B, Talking about market risks, have you read tonights "Market Rap"? What is really scary is the part that municipalities are trying to cover their pension obligations by selling bonds at over 6 percent and then trying to earn more by investing in the stock market. This is not just somebody risking his own money, this is gambling with other people's pension funds. I guess they got the idea from the Clinton administration. Imagine what would happen if there was a market crash! Regards Per S

To: Mama Bear who wrote (57503)	4/26/1999 7:58:00 PM
From: Fred B.	Read Replies (3) \| Respond to of 132070

Mama Bear, I am quite aware that stocks can go down too!! I was part owner of a wholesale brokerage firm in my former life! My reference to the indices was in regards to the performance of people with the same mentality that leads one to call IBM "a scam". Let's face it you can not predict a Dow of 5000(when it is at 8200) and not lose money when it is 10700 unless you don't follow up on that prediction. After all IBM is a component of DOW. I have made plenty of money shorting stocks. But shorting "real scams" such as Diana, Kfuel, etc. I do not let that cloud my judgment on the general direction of the market. Are there overpriced stocks out there?? No doubt. Are there going to be corrections, even rather severe ones along the way?? Absolutely. Are we getting to the end of the world??Don't think so. Is the whole market and a component of DOW (IBM) a scam?? Not in my humble opinion. What you call "mania" and "insanity", I call a belief in America's economy and a belief in corporate america's ability to grow earnings,and quite a profitable belief , I might add!! You say: <<You seem to believe that because prices are up, that the bear thesis have been proven incorrect>> Well the bear thesis of october 1998 has been indeed proven incorrect(and my portfolio is quite thankful!!). We will see about the bear thesis of may 1999 in about 6 months. I shall visit this thread then with IBM's price and the indices then. Performance, my friend. That is the only thing that counts in the money game