Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Peter Yang who wrote (28592)	9/22/1998 6:23:00 PM
From: Jay8088	Read Replies (1) of 94695

YHOO making a new high may be the indication of sheer insanity of the present situation. Here we may be heading into a recession, with world financial market in turmoil, and emerging markets in depression, YHOO goes from 70 times revenue to 80 times revenue (or whatever the ridiculous valuation is)?? Why?? Because the stock is going up! No fundamental reason other than supply/demand for YHOO shares! We ARE in tulip mania, folks. And this one will also end very, very, very badly.

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