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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (5684)	1/10/1999 6:30:00 PM
From: Freedom Fighter	Read Replies (1) of 78741

>>"From your guys' readings, what historical episode most closely approximates the internet mania?"<< I have never seen or heard of anything like the aggregate financial asset bubble that we are experiencing at present. The internet leaves me speechless. Japan in 89 is similar. Stocks may have been higher in Japan. There is a difference though. Japan was and is a large creditor nation with a large current account surplus. The U.S. is the mirror image. This means that when our bubble bursts, the dollar may be vulnerable to collapse too. Wayne

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