Naz News, Gappers and FLE's

[smoke]

14 years ago, my wife sold a house she had inherited so she had some money to invest. At that time ML was pushing Intel. I remember reading this write up which in effect said anyone that didn't hock their wife and kids to buy Intel at $95 was simply crazy.

So the wife bought our vacation house in the mountains of West Virginia. Now they tell us its worth more than twice what she paid for it and those same shares of Intel are down to $25.

I also remember when United Airlines was going up every day and Dan Dorfman (who was a popular commentator at that time like Kramer today) said the higher the price goes the more people will convince themselves its is still a bargain. UAL went BK and cleaned out most of their investors.

Make hay while the sun shinning is right, but I doubt that this time it is different.

Smoke
From the mountains of West Virginia where the air is cool and the women are all beautiful.