Altaba Inc. (formerly Yahoo) Message Board

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Technology Stocks : Altaba Inc. (formerly Yahoo)

AABA 19.63

0.0%

Nov 6 4:00 PM EST

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To: Bill Harmond who wrote (978)	7/15/1997 11:20:00 PM
From: sam	of 27307

>>The Japanese market broke in January, 1990. As far as GDP=Total market cap, we are certainly in ancharted waters. The market is liquidity-driven, business is good, interest rates are stable...all this is fact. Money is pouring into stocks while alot of stock is being retired through cash mergers. Demand exceeds supply right now.<< Good point. However, I start to see the short term inefficiency of the market right at the Dow 8000. If we have a market P/E way out of hand compare to risk of earning an interest of treasury, we need to see a sustainable economic growth. True we have a robust economy, but the growth is not that significant to justify the market. The next two weeks will be interest to watch. Sam

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