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Politics : Stop the War!
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To: Art Bechhoefer who wrote (7858)4/4/2003 8:37:59 PM
From: broadstbull  Read Replies (2) of 21614
 
Art market valuations were nothing more than a pyramid , house of cards, fueled by a buy high sell higher mentality. That, along with the previously unheard of growth in retirement investment by average workers, dumping piles of cash on 25 yr old "investment experts" who in turn dumped that cash into whatever was moving up. The whole establishment knew valuations were insane. They were too busy trying to get rich off it, rather that control it. Valuations are still historically high, this bear ain't over.
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