- OT - Thanks for your reply JR, and no I'm not disappointed to hear you've made a bunch of money - that's good!
However, you state, "But I am not blind to see that we are in a market mania that is totally unsustainable. It is an objective fact that the market has long since passed all time record valuations. The internet, wireless, digital, optics, technology etc. do not change the laws of economics."
It may be an objective fact that the market has long since passed all time record valuations. What makes you think that's unsustainable or bad? There have been some real crazy swings in the market of late, to that I'll agree. But you know, if you average the Dow with the NASDAC, the rising market is pretty well tempered. It IS rising though. I think the totally unsustainable market mania is a subjective perception of yours and chinton's.
Where is all the IRA money going to go if not to the market? Right now that money stream is a fire hose. and it won't abate for quite a while. When it does - then maybe the market's in for a dive. |
