Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Tom M who wrote (23531)	8/6/1998 8:52:00 PM
From: Pierre J. LeBel	Read Replies (2) of 94695

Hi Tom. The FED does not control the stock market in the USA or worldwide. It may affect the timing of a decline but cannot stop it. The market is overvalued. It will come down now or later and there is nothing AG or anyone else can do to stop buyers and sellers to agree to a price that will eventually make sense in relation to the profitability of a business, its industry and its future and in competition with other investment opportunities. (That is what a free market is all about). The bubble we have been living in for several years will burst. Check the history books: it happened in Holland several hundred years ago. Pierre

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