The Stock Market Bubble Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Stock Market Bubble

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: bobby beara who wrote (955)	8/4/1998 10:13:00 AM
From: Les H	Read Replies (2) of 3339

Japan's interest rates have no basis with respect to inflation. The government rigged the rates low to act as subsidies to troubled banks. The banks used the money to invest in the U.S. and in SE Asia during the emerging markets bubble. This got them in still further trouble. As for U.S. being as overvalued as Japan in 1989, I recall that Nikkei's P/E at the time was in mid to high 50's. More unease would set in the U.S. markets when and if the Dow/S&P break 8500/1750. Many technicians would look for the culmination of a double top in a quick decline that would take it down at least the height of the tops.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next