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Gold/Mining/Energy : Gold Price Monitor

GDXJ 92.99

+2.9%

Nov 7 4:00 PM EST

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To: Bobby Yellin who wrote (47541)	1/27/2000 8:40:00 AM
From: Lucretius	Read Replies (2) of 116753

w/ bnd yields where they are, stocks are abput 70% overvalued according tot he fed's own valuation model. not that any model is perfect, but historically, stocks tend to hug that valuation line w/ temporary squirts under and over it. the previous alltime record overvaluation was 35% overvalued at the TOP in... 1987. whenever treasuries finally find a bottom (probably here) they will begin to rally and investors will flee stocks to buy bonds and sstocks will crash just as they did in 1987. Mr. Buffett said it best in his december fortune article.. "RISK-free treasury yields do matter to stock valuations, even in the new era" -g- of course, you be assured that Uncle Al will print money after a meltdown so whiel bonds will provide temporary safe haven.. ultimately, we'll see stagflation as the Fed tries to print us out of our problems and the dollar is destroyed... buy goldshares... all clowns such as Hutch will be DESTROYED in the coming tough love -g-

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