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Pastimes : The Naked Truth - Big Kahuna a Myth

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To: Lucretius who wrote (72498)10/28/1999 4:42:00 PM
From: pater tenebrarum  Read Replies (1) of 86076
 
you're not the only one...luckily i have a few long positions also, half of which actually went up today! still, this manic move today was something else...for all i know we could be on the way to new highs. the bubble has become so big and overwhelming that it seems unstoppable. consider the big inflows that were reported for this month...they get invested, no matter if stocks valuations seem reasonable or not. in fact they flow into exactly the stocks that seem to be the most overvalued...as i have said on another occasion, the speculators are flipping Al.com the bird, because they know he won't dare to pop the bubble. he said it himself...he doesn't even know if there is one.
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