For years my son has been hoping that my interest in economics would
result in investment advice. So here we have it. So, do you have any
suggestions on what to buy?
--------Honest-I'm-Not-Asking-On-My-Own-Behalf-Laurie
Sez Doug, our man in the belly of the beast:
> This is a very interesting little storm. By my old rule of thumb - buy when
> I start getting lots of calls from reporters - it's time to go long with
> both hands. But maybe it's different this time. Poor Greenspan - does he
> commit the U.S. government to supporting something he himself has (very
> gingerly) identified as a bubble? Does he flood the system with liquidity
> with unemployment at 4.9% and real wages on the rise? Does he do that
> without any kind of organized rescue package for the Asian countries that
> started it all? Did Rubin really mean what he said the other week - that
> investors in Mexico didn't suffer enough, which laid the groundwork for the
> recent crisis? Can the U.S. expansion survive the loss of its great
> psychological prop, the raging bull market? What will all those stock
> market virgins do now that their beloved has turned on them? So many
> questions, so few answers.
>
> Don't worry, Max, we won't be executing you anytime soon.
>
> Doug
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