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Strategies & Market Trends : The Stock Market Bubble
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To: Vic who wrote (1199)8/26/1998 7:42:00 PM
From: bobby beara  Read Replies (1) of 3339
 
>>>However, I think there are also rational explanations for the current valuations of internet stocks.<<<<

OK we are waiting to hear why amazon dot com is worth the market cap of colgate palmolive. a company that has a decades long proven business model and dividend yield?

also we would like to know why 6 internet stocks market caps are worth more than the whole singapore stock market or the complete gold complex? (and none of em have earned a dime - this bunch excludes AOL - which has earned a dime -g-)

Waiting for a rational explanation?

(yes I know graham and dodd are irrational in the new era stream of thing -g-)

I second the motion to JOE G. all fund managers are closet indexers out of necessity to stay in business.

>>>So what do I think about the direction of the market? <<<

IMHO, It's very possible that July 20th was a peak that will be resistance for a long time, as was the 29' and early 66' peak.
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