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Pastimes : The Naked Truth - Big Kahuna a Myth

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To: MythMan who wrote (10787)11/10/1998 6:47:00 AM
From: accountclosed  Read Replies (3) of 86076
 
MythMan.

Forgive me if I violate the protocol of the MythMan persona by asking a straight forward question. It seems to me that you are the SI poster child for the broken bear. I share the view that this market is beyond overvalued, beyond bubble. Many of you bears have had the virtue of being correct for many years. And I don't presume to say that I have any idea who has made or lost what money. But it has been frustrating as h--- being a bear.

While all this raving goes on about too much liquidity, Wall Street geeks/touts/idiots, etc. (which I don't dispute), the market has persisted to be overvalued.

What have you guys learned? I hate the market valuation here. I hate not having a fairly valued market so I can think straight. So I can look for undervalued stocks. But back to the question. What have you guys learned? What in the h--- will bring reality back. I believe you have been right, but underestimated the opponent. There was a WB cartoon where the Rooster and the Wolf (or whatever) clocked in, fought like crazy all work day, clocked out and were battered buddies on the way home. Don't we have to tip our hats to the geeks on Wall Street? They have fought the good fight so far, even if it is lunacy.

To me, I have more respect (I think the root of the term "respect" is "to look at"...in other words I don't agree with Joe Batsinthebelfrya and Abby Jo...but I know they are there and that they have won the hearts of all too many) for the bulls. They are wrong. But again. What have you learned? What will actually turn the tide?
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