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Strategies & Market Trends : The Millennium Crash

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To: bobby beara who wrote (3832)	11/25/1998 11:30:00 PM
From: Haim R. Branisteanu	Read Replies (1) of 5676

bb, it hard to belive that you converted to a day Treamer <gg> No mater which yardstick you will use if you speak about buying a business or a piece of it what ultimately matters is you actual return on equity, not return on your "shares". Now stock market is a fiction place were in theory you buy a piece of business but actually you buy a piece of paper at a price which is discounted based on some future anticipated value. In a nutshell you buy this piece of paper with the hope that in the future you will find a fool who will buy it from you at higher prices. Wen expectation are growing around 2% to 3% a day you start to sniff mania, but wen they go up 5% to 10% a day is mania going GAGA. Same apply to Internet stocks. Sorry if offended. BWDIK Haim

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