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Pastimes : Ask Mohan about the Market
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To: edward miller who wrote (13692)2/1/1998 11:05:00 AM
From: Jack Clarke  Read Replies (1) of 18056
 
Ed,

>>Throw away all reasonable metrics for valuation until the boomers
start pulling out big sums from the market.

Comments anyone?

Every bull market with stock prices rising in the face of fundamental overvaluation has had an explanation for why it was a "new era". Your explanation for the current one is as good as any. We must accept, however, that all of the previous "new eras" were eventually trashed as valuations returned to "old era" levels.

Just a comment, as requested.

Jack
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