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Re: Weekly Pick



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"a capitalist environment and the
name of the game is to reduce the wealth of the masses and concentrate
it to the hands of a few. "

Lord help us. I didn't know that crap was still being spread. You can
imagine I come from the other (RIGHT) side of the spectrum. You need to read
some Ayn Rand.
Richard Estes
-----Original Message-----
From: Harley Meyer <meyer@xxxxxxxxxxx>
To: Jim Greening <JimGinVA@xxxxxxxxxxxxx>
Cc: Jim Barone <Wooglinx@xxxxxxx>; Jerry Medlin <jmedlin@xxxxxxxxxxxxx>;
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Date: Sunday, January 11, 1998 2:40 PM
Subject: Re: Weekly Pick


>Jim,
>
>I also wanted to express my concern but from a different point of view.
>I think when each of us reads anything, we pull from it what we want or
>what we believe is true. And what I am about to express is something
>that I am pulling out of a variety of sources. I feel that the long time
>investor, investors investing for 10 years or more, are going to be
>running into trouble this year. I have seen, that here in Minneapolis,
>several of the old timers are rushing out to buy but are realizing that
>they are getting fooled. Felt real good at the beginning of the week.
>But not so good as of lately. I think many of the long time investors
>know that the market is changing but they don't know how to adapt. I
>also think these 501K investors are going to keep adding money to losing
>portfolios.
>
>We all have to keep in mind this is a capitalist environment and the
>name of the game is to reduce the wealth of the masses and concentrate
>it to the hands of a few. Mr. Soros is our reminder that capitalism is
>alive an well. His philanthropic activity is classic behavior of a
>capitalist that has made many suffer as a result of his nature to
>speculate. So don't we can't be lulled to sleep by our modest wealth. It
>can be gone quickly.
>
>I also think that there is more to this Asian crisis that is going to
>effect us. In a nutshell, be careful. The downside risk is very high if
>you want to go long. The downside reward is potentially much higher
>going short.
>
>Harley
>
>