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Pastimes : Ask Mohan about the Market
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To: Bonnie Bear who wrote (10392)12/8/1997 5:13:00 PM
From: NYBellBoy  Read Replies (1) of 18056
 
Bonnie Bear - {long winded chat)

I love the market, but agree with you on these insane valuations. People get so caught up they forget reality and to check the past because they don't think things repeat themselves.

A little big picture info:

1) Asia is in the dumps, we have got have a big reversal

2) All money lent by IMF is just renegotiating bad loans

3) Big Corporations sending employees home and scaling back quietly and can't get out even when they try

4) the World Powers (read Big Banks) need us to pay for the bad loans and to clean up the waste and pollution

5) I want to see the 10k's when they come out, what are they going to say about overseas

I happen to believe in the New World Order conspiracy, but it does not make me a bad person. You can not talk to people rationally, fiscally when their irrational exhuberance has made them rich.

I just happen to remember the depression, only because it was drummed into my head by my mother. Grandfather was building 40 new homes outside the Ford plant in Flint, Michigan. Couldn't finish homes, couldn't pay workers had to run from the banks and the loan sharks. Made a man with an alcohol problem, a drunken bum the rest of his miserable life. How come nobody tells stories of the Great Depression?

:)

BellBoy
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