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Pastimes : The Big Picture - Economics and Investing
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To: Arik T.G. who wrote (600)1/31/1999 8:03:00 AM
From: donald sew  Read Replies (1) of 686
 
ATG,

>>>>> This mantra is one of the most silly "new era" justifications of equity valuations. I've heard it on CNBS so many times I want to puke <<<<<<

Thats basicly how I feel also. I do believe that there is money on the sideline, but the question is HOW MUCH and WHEN will it come in. Until those questions are answered, the comment "MONEY on the SIDELINEs" is useless except to motivate the market to deal with abstracts and emotions.

Seeya
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