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Politics : Ask Michael Burke

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To: PaperChase who wrote (62337)	6/14/1999 8:14:00 PM
From: Skeeter Bug	Read Replies (2) of 132070

pc, your view is flawed. on need only look to last decade and japan. the nikkei is well over 50% off its high of 39k. was 20k over valued? history proves - yes. the nikkei hit 25k. was that over valued? yes. was 30k over valued - yes. it still hit it. was 35k over valued? yup. passed right through it. it didn't top until 39k. please tell a japanese investor who bought at 39k that 17k 11 years later is "up." if you disagree that the nikkei is a valid comparison, please state your specific reasons. tia... skeets

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