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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: mishedlo who wrote (15763)1/12/2003 6:56:55 AM
From: Steve Lee  Read Replies (1) of 19219
 
Mish, here is an excerpt from an email I sent to a friend yesterday:

I don't think the general stock/pension/endowment/fund buying public have a clue about how current valuations compare to historical valuations, or about the overcapacity in industry at present. Neither do they understand money supply, or the battle the fed is waging by trying to get everybody to go into debt in order to spend money on products made by uncompetitive companies that would be better off out of business. What these people do understand is that stocks have fallen a lot recently, and are therefore bound to go back up again.

If people want to do long term buy and mold in a bear market while we still have an asset bubble then just be thankful that these people are out there willing to give their money to us!
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