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Strategies & Market Trends : Asia Forum

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To: MikeM54321 who wrote (4014)5/30/1998 10:07:00 AM
From: Jack Clarke  Read Replies (1) of 9980
 
Mike,

I hate being a bear, so somebody tell me I'm wrong.

Not me, Mike, not me. Your post is right on the mark in my view.

Wall Street, the stock buyback companies, and the politicians have kept this bubble inflating far longer and farther than I ever thought they could. Time to deflate it. You'll be able to buy some really good companies when their PE is 15, the Price/book is 1 or 2, etc. But I've been saying the same thing since Dow 5000, so what do I know?

Jack
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