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Pastimes : All Clowns Must Be Destroyed
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To: pater tenebrarum who wrote (14687)3/5/2000 5:55:00 PM
From: yard_man  Read Replies (2) of 42523
 
what I don't understand is why they do that?

Everybody who buys food, drives a car, lives in a house -- knows they are lying like h*ll.

It is really weird. There is reality -- then there is this set of numbers for the market game. Everyone knows they are lying but are happy that the numbers came in good so stocks can keep going up -- even if their purchasing power is slipping. How high do the cost of things have to increase before people stop being so darn giddy about the market to notice all is not well?

I work with what I consider to be a conservative bunch, but they make invesmtents in real productive capacity based on some pretty darn rosy projections.

I walk a fine line -- trying to say that even our industry is in a bubble -- I felt all alone until the other day when another fellow mention the price of combustion turbines being a "bubble." I'm telling you -- in the energy industry there are entities that have bought huge amounts of capacity based on projections that I know discount everyone upgrading to a new house with 30% more square feet every few years ... somebody is going to be left holding the bag.

Based on what I see -- if GE is building much additional capacity in this area -- they will have it on-line about the time the bottom drops out.
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