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Pastimes : The Naked Truth - Big Kahuna a Myth
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To: paulmcg0 who wrote (75570)11/19/1999 6:34:00 PM
From: nommedeguerre  Read Replies (2) of 86076
 
Paul,

>>PaperChase, you seem to have forgotten history. By any historical measure, like the P/E ratios of the indexes, this stock market is the most overpriced stock bubble in U.S. history. The Nasdaq 100 index, for example, has a P/E almost double what Japan's Nikkei index had when their stock bubble started to pop in early 1990

Bad analogy, everything is smaller in Japan, even their P/E's. The sky's the limit in America; just look at the National Debt.

>>All speculative stock market bubbles eventually pop.

"Speculative Bubble" is such a harsh term; I prefer "ponzi scheme" or "Amway Level 3 Opportunities".

Cheers,

Norm
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