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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Crimson Ghost who wrote (32055)11/23/1998 5:04:00 PM
From: marc chatman  Read Replies (2) of 95453
 
<<Market is as grossly overbought and overvalued as I have ever seen it>>

That's what I would have thought. But my view now is that it can't be overvalued because value has nothing to do with the market. Fund managers have cash. They need to make a good return on the cash or risk losing customers. That's all there is to it.
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