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Strategies & Market Trends : The Stock Market Bubble
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To: Moominoid who wrote (2240)10/31/1998 11:03:00 AM
From: Tommaso  Read Replies (1) of 3339
 
Thanks for laying this out simply and precisely. Much the same figures were used by an economist who was speaking out last June against allowing social security money to be invested in the stock market.

Joel is, of course, correct in wondering about the WHEN.

I haven't mentioned this in a while, but by far the best indicator of the longevity of the latter stages of the bull market is the African frog that was left in my care when my daughter went off to college more than two years ago. I had never imagined that a one-inch long frog could go on living for at least two and a half years. I began saying two years ago that when the frog died the bull market would be over. He lives on nothing but small ants. I don't suppose any health food stores sell ant-burgers. This frog shows no signs of decrepitude.
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