Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: bobby beara who wrote (29610)	9/30/1998 11:24:00 PM
From: BubbaFred	Read Replies (1) of 94695

"beara predicts that the bear market won't be over till half of the superstar internets are delisted." What can I say? I could not say it better. You took the words out of my mouth. Add the lofty PE's of many other non internet stocks. This market has valuation of a global prosperity and expansion, which is non-existent. It may take time, maybe as long as 6 months, before the dust settles down. Most don't realize the implications of all the worldwide economic problem and the likely forthcoming currency instability. Two thoughts came to me: 1. If we are an oasis of prosperity, then remove the global prosperity from the equation. There is nothing around the oasis. Where should it be then? We can always dream of a mega oasis, which we were at in the 50's, after WWII. What was market valuation then? 2. Sure, the US is a supertanker. Consider this: where is this supertanker going?, and where can it travel safely? Up and down the Mississippi? Even if it can travel as an oceanliner, what will it find yonder?

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