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Strategies & Market Trends : The Stock Market Bubble
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To: Giordano Bruno who wrote (3290)7/18/2000 10:04:18 PM
From: pater tenebrarum  Read Replies (2) of 3339
 
<<For investors, the question becomes whether the gains are a legitimate part of earnings or just a way to pump up the reported number. >>

you have one guess...-g-

this is exactly what happened during the Japanese bubble as well...all the companies went and started to speculate in the stock market. in fact, this is a recurring phenomenon in all market manias. eventually it becomes a huge liability....
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