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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club

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To: Justa Werkenstiff who wrote (8003)8/23/1999 11:27:00 AM
From: Ian@SI  Read Replies (1) of 15132
 
Justa,

Perhaps, Glassman's new book, "Dow 36000" would provide some different insights into whether or not the market is overvalued and by how much.

In it he builds the case for Dow 36000 within 5 years.

One of the points made is that the "risk premium" with equities is unjustifiably large and is being removed.

One would be wise to attempt to learn Brinekr's model and confine one's criticism to it.

Valid point.

I would observe, however, that once a system that has always worked becomes widely known, it usually ceases to work.

Ian.
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