earlie, it is funny that folks try to box others into diamond ring size boxes. nobody here is or ever has argued that the market is overvalued or dangerous based upon margin debt alone. throw in accounting games, massive debt accumulation, negative savings rates, huge asset inflation, money supply growth approaching 20% (late 99), billion dollar companies with no pe (nor a business "plan" to ever get one), companies growing eps at 20% while their stocks grow at 100%, faked productivity and cpi numbers (chained dollars and weighting issues), etc ad nauseum and maybe we can have an intelligent discussion.
well, i know that isn't the point.
oh, and add the fact that $2 trades for every $1 in gdp (this occurred most recently in the 1920s).
the irony is that only tl & ev will "educate" these types and, by that time, they will blame all their troubles on folks like us. i'm serious. -ng- |
