Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: calgal who wrote (24658)	10/28/2002 4:34:55 PM
From: Hugh A	Read Replies (1) of 74559

Why stocks don't stink ... NOT! This would be funny if it wasn't so painful to so many. Glassman predicted a 36,000 Dow and he's dissing Gross for predicting a 5,000 Dow - some nerve! Glassman continues to make the same mistake he made in his book. Rational, valuation-based arguments are one thing and probably work, more or less, in a non-bubble environment. What Glassman does not consider is that the post-'95 market has been irrational. Combine that with Maurice's head hackers, Jay's WAT-WOT-NMD and Martha et al.'s past business practices, Gross looks to be a lot closer to the mark than Glassman. Some people would call Gross an optimist. Hugh

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