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Pastimes : The Naked Truth - Big Kahuna a Myth
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To: Lucretius who wrote (70139)10/19/1999 8:11:00 PM
From: pater tenebrarum  Read Replies (2) of 86076
 
that's what i thought...someone remarked to me on the 'waiting' thread that he's astonished by everybody turning bullish all of a sudden on the back of one up day after they all sounded ultra bearish and/or despondent only two days ago.

btw, people don't appreciate what the weakness in the bond really suggests, namely a drying up of liquidity. sooner or later the stock market will feel the effects of this as well.

of course a NAZ p/e of 158 is fully justified in the new era and should expand to 200 in short order. Abby said that's undervalued, so we better buy before the train leaves the station without us.

i apologize if i sounded too bearish earlier.
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