Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Bilow who wrote (9084)	11/4/1997 2:13:00 AM
From: Brad Bolen	of 94695

I have pondered this too, but not quite so intelligently. I can only imagine it is that there are more dollars chasing fewer (realative to dollars) stocks. You know...more people investing than ever, et.al. I know it seems too simple, but I have no other explaination other than the madness of crowds, and I sure don't want to believe that. B> <<<<<< Now. What has the SPX done over the last three years? SPX +27.74% I think this is out of whack. So how about it bulls? Show me where all this new fundamental value for the economy and the SPX is coming from? If you argue stock prices are going to increase because they have increased so far, I will ignore you. I just want to see where the economic numbers suggest paying so much more for stocks now than in 1994. -- Carl

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