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Strategies & Market Trends : The Stock Market Bubble

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To: Box-By-The-Riviera™ who wrote (1114)	8/13/1998 9:15:00 AM
From: Moominoid	Read Replies (2) of 3339

Serious Soros spooks speculators? Going down again! The bubble could be bursting. A while back I told the big Kahuna folks to stop waiting for it because it's already here. So far I haven't changed my mind. Wall Street consensus of 12% growth in profits for next 5 years is classic bubble territory. Last 5 were 12% were because US was coming out of recesssion (profits fluctuate more over cycle than labor income). Even without Asia 12% can never be achieved. You don't need an interest rate rise for a serious correction.

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