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Pastimes : Ask Mohan about the Market

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To: Rational who wrote (8524)	11/19/1997 12:15:00 AM
From: Simon	Read Replies (1) of 18056

<< Bill Clinton's regime took the stock market to this high.>>> You can't blame Clinton for the stock market: ie the Dow/S&P/Oex etc. The charts of all are on a parabolic curve right at the top. Six months ago, Dell appeared almost the same at $ 75. It then proceeded to to go to 180. The split brought the chart back down to look like 6 Mo. earlier. The trouble with the Dow is U can't split it 2/1 on a chart. There have been a lot of bubbles in the past. I never heard anybody say Hoover took the market to an all time high. It just happens. Read McKay's book "Manias and other popular Delusions" from 1870.

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