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Politics : Ask Michael Burke

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To: BGR who wrote (77036)3/6/2000 12:42:00 PM
From: Skeeter Bug  Read Replies (2) of 132070
 
bgr, history isn't on your side given the current valuations. name a time when valuations were this high relative to growth where there wasn't a severe penalty.

it doesn't exist. they all crumbled. some made it back (your apparent argument) and some didn't. my guess is that the us economy eventually will support current valuations.

i also know a very high % of people who think like you now will change their minds. they will sell. some won't have to. they will have to sell due to their leverage. will you sell if your assets are down 60%?

good thing you understand this market is liquidity driven and not valuation driven. can the fundamentals supporting our liquidity continue forever?

tulips are relevant in that they were one of countless manias that seduced folks into being TRUE BELIEVERS.
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