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Re: Slot, er, Stock Market

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<DIV>Hi Linda,</DIV>
<DIV>&nbsp;</DIV>
<DIV>A Former boss of mine told me one day, that he only invested in index funds 
because they could not go down!&nbsp; This from a lawyer and CEO of a major 
hotel chain.</DIV>
<DIV>&nbsp;</DIV>
<DIV>Personally, I've been 100% in cash, except for day trades since the Dow 
broke 10,000 for the first time.</DIV>
<DIV>&nbsp;</DIV>
<DIV>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 
Good luck and good trading,</DIV>
<DIV>&nbsp;</DIV>
<DIV>&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; 
&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; 
&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; 
&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; Ray Raffurty</DIV>
<BLOCKQUOTE 
style="BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px; PADDING-RIGHT: 0px">
  <DIV style="FONT: 10pt arial">----- Original Message ----- </DIV>
  <DIV 
  style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black"><B>From:</B> 
  Linda Swope 
  </DIV>
  <DIV style="FONT: 10pt arial"><B>To:</B> <A href="mailto:kohath@xxxxxxxxxxxxx"; 
  title=kohath@xxxxxxxxxxxxx>Kohath</A> ; <A 
  href="mailto:Realtraders@xxxxxxxxxxxx"; 
  title=Realtraders@xxxxxxxxxxxx>Realtraders@xxxxxxxxxxxx</A> </DIV>
  <DIV style="FONT: 10pt arial"><B>Sent:</B> Friday, September 03, 1999 7:48 
  PM</DIV>
  <DIV style="FONT: 10pt arial"><B>Subject:</B> Re: Slot, er, Stock Market</DIV>
  <DIV><BR></DIV>
  <DIV><FONT color=#000000>I had a friend who told me "you can't lose money in 
  an IRA".&nbsp; She really thought that!&nbsp; I have no opinion as to whether 
  the market will go up or down.&nbsp; But if it goes severely down, a lot of 
  folks who are only familiar with bull markets and not bears are going to be 
  shocked.&nbsp; Because you can lose money in an IRA!</FONT></DIV>
  <DIV><FONT color=#000000><BR>Linda<BR>Swope's Mountain Photography<BR><A 
  href="http://www.swopephoto.com";>http://www.swopephoto.com</A><BR><A 
  href="mailto:linda@xxxxxxxxxxxxxx";>linda@xxxxxxxxxxxxxx</A><BR>Climb the 
  mountains &amp; get their glad tidings: Peace will flow into you as sunshine 
  into flower; the winds will blow their freshness into you &amp; storms their 
  energy, &amp; cares will drop off you like autumn leaves. John Muir 1838 - 
  1914</FONT></DIV>
  <DIV><FONT color=#000000></FONT>&nbsp;</DIV>
  <DIV><FONT color=#000000></FONT>&nbsp;</DIV>
  <BLOCKQUOTE 
  style="BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 5px; PADDING-LEFT: 5px">
    <DIV><FONT face=Arial size=2><B>-----Original Message-----</B><BR><B>From: 
    </B>Kohath &lt;<A 
    href="mailto:kohath@xxxxxxxxxxxxx";>kohath@xxxxxxxxxxxxx</A>&gt;<BR><B>To: 
    </B>Realtraders@xxxxxxxxxxxx 
    &lt;<A 
    href="mailto:Realtraders@xxxxxxxxxxxx";>Realtraders@xxxxxxxxxxxx</A>&gt;<BR><B>Date: 
    </B>Friday, September 03, 1999 12:38 PM<BR><B>Subject: </B>Slot, er, Stock 
    Market<BR><BR></DIV></FONT>
    <DIV><FONT face=Arial size=2>Listen, folks, anyone who thinks we could have 
    another 1987 crash is a lunatic.&nbsp; This slot market, I mean stock market 
    is going up, up, up.&nbsp; The law of gravity, what goes up must come down, 
    does not apply to the slot,&nbsp;er,&nbsp;stock market.&nbsp; P/E ratios 
    unheard of levels, indicies reaching all time highs, every one plowing all 
    their savings into the tulip bulbs, I mean stocks, this market is headed for 
    36,000 by 2,002.&nbsp; Hey, I've even seen the socker mom on tv, she buys a 
    stock, goes jogging, comes home, logs on, sells and makes a couple of grand, 
    all in one day.&nbsp; This is too easy.&nbsp; You would have to be nuts to 
    buy puts on this market!&nbsp; So what if the markets up %50 in&nbsp;the 
    last two years, this is typical of the market.&nbsp; What was the average 
    rise in the market for the last 70 years,&nbsp;&nbsp; Let's see, the market 
    closed out 1928 at 300, it's now at 11,000, thats 11,000&nbsp;- 300&nbsp;/ 
    71 = average gain per year is 150.7 points.&nbsp; Oh well, who cares about 
    the math when your making money!&nbsp; We are certainly not going to lose 
    50% in the next 6 weeks!</FONT></DIV>
    <DIV>&nbsp;</DIV>
    <DIV>&nbsp;</DIV>
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