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I frankly haven't seen a market like this since the early
70's. I just go where my systems tell me to go - and my
systems have been telling me increasingly to go to the major
market indices like the DIA and SPY - and nothing else.
Interesting statistic today. Although the SP500 is up 5% -
the Value Line (stocks equally weighted - not market cap
weighted) is down 5%. So - unless WB wants to buy index
funds - he's no fool.
BTW - for those people who are pretty disgusted with the
Omega statements regarding TS 4 Y2K upgrading - I recommend
contacting one of the law firms that's bringing Y2K class
action cases against software firms. Any such case probably
won't get you all that much money - or help you with your
trading - but it might give you some psychic satisfaction to
jerk Omega around - instead of the opposite. I am not a
very high tech person - but I think that any company that
sold a non-Y2K compliant piece of software within the last
couple of years that doesn't provide a fully functional Y2K
patch to its users for free ought to be sued. Note that
most judges and juries aren't very high tech people either.
Finally - I note that since I've received a few of those
awful private hate email messages - I'll be commenting less
frequently on this list - and combining several days worth
of thoughts into single messages. I will note on the other
hand that I also receive many substantive messages in
private email from people who apparently are too intimidated
by the jerks on this mail list to send those messages in
public. I think it's about time for the people who send the
hate emails to cease and desist - so perhaps we'll see more
quality messages - and fewer messages about pirate Russian
software and fewer jokes about women with large breasts.
Robyn
P.S. I don't mean to imply that you're a jerk Dan - I'm
just using your message as a vehicle for venting. I'd like
to see more market discussion of the type you raised in your
message.
Dtrader wrote:
> "People think I'm a fool."
>
> Warren Buffet 3.16.99
>
> Commenting on the release of BRK annual report
> showing that he's long cash [$15 b]
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