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Pastimes : Ask Mohan about the Market

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To: Jack Clarke who wrote (13699)	2/1/1998 1:32:00 PM
From: edward miller	Read Replies (1) of 18056

Boomer Bubble Jack, I think the key is that 2+2=4, but we sometimes lose track of changing values. We think we know what "2" is, but sometimes we don't. Sometimes the equation becomes 1.72 + 2.28 = 4 and we need to know when this is the equation. I agree with you about beating your head against the wall. However, I should also point out that I have someone else trade my IRA (old 401(k) money) and he has been much more bullish than I have been over the last 4 years. That kind of input is what made me realize that I probably was missing some key issues. I remain very suspicious of the bull run from here, but I am open to the possibility that I am wrong. It's been that way since mid-1995. I definitely think we are developing a "Nifty Fifty" type of market, though - just like in the late 1960's. Obviously, this is being driven by the index fund phenomenon. Ed Miller

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