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Re: RCKS post# 215

Monday, 07/01/2002 2:04:44 AM

Monday, July 01, 2002 2:04:44 AM

Post# of 928
That reminded me of something, that and the fact that we are having a terrible drought here in Wyoming <g>.

In the spring or early summer of 1987 we went to the county extension office to get some information about drought tolerant trees and bushes. The office was staffed by a variety of folks, and as we came down the hall, 3 or 4 guys were standing outside this office door discussing the hand drawn chart taped up on the outside of the door. The chart was a daily chart of the Dow Jones and some mutual fund or retirement fund these guys were invested in. It was a good display of the very good relative strength of their fund over the Dow.

When I saw how all ahgahgah these guys were about all the money they were making the chill of the bear ran down my spine. After the crash of 87 they quit tracking, I suspect the bull returned when someone trashed the chart.

It turned out that the guy that who actually posted the chart was an ag. economist. After the crash he called me and asked if I'd come visit him and his wife about something....something he wouldn't give me details over the phone. I agreed, figuring he wanted to talk about the stock market. I went over to his house with a big head thinking I was pretty important that an economist would finally ask my advice. Wrong....he got involved with an Amway pyramid and thought he could suck me in!

We live and learn....hopefully.

Sam


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