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<P>Max Sawicky wrote:
<BLOCKQUOTE TYPE=CITE>
<BLOCKQUOTE
style="BORDER-LEFT: #0000ff solid 2px; MARGIN-LEFT: 5px; PADDING-LEFT: 5px">
<BLOCKQUOTE TYPE = CITE>If Greenspan were do die in Andrea Mitchell's passionate
embrace this evening, Mark Jones would probably win his 3,000 Dow bet by
the close tomorrow.</BLOCKQUOTE>
I haven't agreed a bet yet - Sawicky did not mention a price (whatever
it is I'll pay him off at the rate of one kilo of dried roubles per $1,000).
<P>My prediction is based on the fact that the Nikkei, according to the
FT today, lost 60+% of its value after the Japanese bubble burst. The same
fall in the Dow would bring it to 3000.
<BR>
<BR>
<P><SPAN class=710584215-18091998><FONT FACE="Arial"><FONT COLOR="#0000FF"><FONT SIZE=+0>Payment
in roubles would be two bets, or maybe three.</FONT></FONT></FONT></SPAN>
<P><SPAN class=710584215-18091998><FONT FACE="Arial"><FONT COLOR="#0000FF"><FONT SIZE=+0>I'll
take good old imperialist dollars, thank you very much.</FONT></FONT></FONT></SPAN></BLOCKQUOTE>
</BLOCKQUOTE>
Naturally I was assuming (a) the dollar will collapse (b) postcapitalist
Russian roubles will hold their nominal value. But I'm happy to make
it a case of Lagavulin which I will give you if the DJI is above 3k this
day next year, you me if not. Soglasno?
<P>Mark</HTML>