Momma warned me about days like this.
After a sufficient passage of time, when the
historians look back at this period, will it
be obvious that the top had already occurred
given all the Inut IPOs, the GS IPO, the NYSE IPO, the
WWF IPO, the greed-driven brokerage advertisements,
the high use of margin,leverage using credit cards, the
overvalued dollar, the enormous P/Es, the constant hype
about the internet and a new paradigm, instant millionaire
insiders of companies without even prospects for positive
net incomes, etc,etc???
You don't have to answer that...after rereading my question
I think I know the answer. And given the risk/reward ratio
I love cash.
BTW, will they sell tickets to the roadshow for the WWF IPO??? |
