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Strategies & Market Trends : The Stock Market Bubble

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To: bobby beara who wrote (1679)9/20/1998 11:21:00 AM
From: BubbaFred  Read Replies (2) of 3339
 
Too many still very optimistic and complacent. They only remember the many mini crashes in last 10 years, and too young to experience the lengthy and frustrating market of the 60's and 70's. They strongly believe the bottom has been made and is already set in stone. They don't know the global condition is not the same anymore. Not many realize the global frothy bubble has burst and one can no longer anticipate global expansion at the 5 to 15% rate. Most don't realize the 10 year bull run was based on global expansion and prosperity. Bond market has spoken for many weeks. Greenspan and Soros have spoken to deaf ears. Going to cash money market is unthinkable. Those 15% annual return of last few years are just too nice to give up, even if it is only hope and dream. I still dream of those 15% to 18% CD's. Who even dared to speak of measly 3 to 5% return in this low interest and low growth environment? I heard the warning a year ago, but nobody else has nor want to believe it. That's what hopes and dreams are for. Even the young punks in Wall Street Week can only only remain optimistic and recommend buy..by..bye. I cannot tell if they said buy stocks or say bye to the money. Either out of touch with the reality or from lack foresight. Then again, they are money managers and they can't make a dime if money goes to money markets.
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