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Pastimes : Don't Ask Rambi

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To: epicure who wrote (5971)	1/10/1998 6:10:00 AM
From: Jack Clarke	Read Replies (5) of 71178

>>OFF TOPIC<< Alexa, Don't be too sure those boomers won't take their money out until 2008. Many may have some discretionary powers over their holdings and may decide that equities are not the place to be. I agree completely with Tommaso Message 3131106 about the extreme overvaluation of the current market. One thing is for certain, if you have any feeling for the value of empiricism: There has never been a time in recorded history when valuations were anywhere near this extreme that was a good time to enter the market. So there are only two possibilities: (1)It's not a good time to buy stocks, or (2)it's a new era. And remember that people who bought the overvalued market in 1969, as I did, and held on (as I didn't), found themselves down 80% after holding for sixteen long years. I think people also fail to grasp that that paper profit doesn't buy anything; the stocks must be sold before you can exchange their value for goods and services. Sorry to get serious on this thread, and apologies to Penni for post containing angst.

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