Corner Bay Silver (BAY.T) Message Board

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Gold/Mining/Energy : Corner Bay Silver (BAY.T)

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To: ahhaha who wrote (1417)	10/5/2000 4:40:08 PM
From: I_C_Deadpeople	Read Replies (1) of 4409

Far be it for me to disturb this stirring debate, but your statement "world economic conditions and particularly in the US have created a dynamic earnings environment which has driven up stock prices" and "The "bubble" was due to the realization that things are extremely good and so you could expect that stock prices would rise to unusual levels" are quite the opposite of reality. The stock market LEADS, it does not FOLLOW. The market rises creating a sense of "things being good" and it crashes before "things seem bad". The proof is in 1929 when the herd thought the fun would never end and in the 50's where , if your thinking was correct, we should have had the largest stock market in history but did not. The growth rate and earnings growth in the 50's far exceeds that of today. Read Robert Prechter's books on the Wave Principle and Socioeconomics to get the real scoop on this stuff.

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