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Politics : Ask Michael Burke
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To: Freedom Fighter who wrote (66779)8/26/1999 2:05:00 AM
From: PaperChase  Read Replies (2) of 132070
 
Wayne, I will pay you only a penny for your thoughts, not 2 cents. <g>

>>The thing that will stop the bull market is that it takes progressively larger amounts of money being directed
towards stocks in order for the market to continue to rise. <<

This is commonly known as the supporting trigger behind the Magner Economic Violence model. So far, it has been disproven. Stock market continues to climb even as U.S. dollars are repatriated in Japan. U.S. banks are lending like crazy, much faster than the GNP growth rate. You must show me the event that will stop this wild-ass lending...not merely tell me that one day it will stop...because Magner has been waiting for 3 years for it to stop!

>>But if a disproportionate amount of it is being directed towards stocks, they will rise faster than the rate of growth of economic activity and our ability to produce real goods and services. <<

Where have you been during the past decade or two? The trend you speak of has continued for a long time without injury to the economy or our ability to compete. Look at the funds raised in IPOs and the resultant spending that those companies do to accelerate the economy. The post IPO price of these companies is merely 'prop-up the stock price' money without significance as these dollars are rotating away from the stocks of other small companies.

>>And all the while there will be more and more people that recognize the excesses and start cashing in tickets.<<

Oh, is like insider selling a sign? Gee, insiders were selling big time when the Dow and NAZ were at half the current levels.
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