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Technology Stocks : AUTOHOME, Inc
ATHM 23.66+0.8%3:59 PM EST
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To: Michael P. Michaud who wrote (5138)2/7/1999 8:44:00 AM
From: RocketMan  Read Replies (3) of 29970
 
This is what I think ahhaha is saying:

1. The world economy is in shambles.
2. The US economy is artificially propped by creeping socialism and the Fed' pumping.
3. (2) has been artificially propping (1)
4. The average investor is a fool and does not see (1)-(3).
5. Pros know (4), so they manipulate the market so that the average investor remains a fool while they slowly bake him like a lobster.
6. The bears came woke up last summer but AG opened the monetary flood gates and lulled us back into euphoria.
7. The bears are coming back and this time they are really pissed, not even AG will be able to hold them back.
8. The average investor thinks they will be getting rich off stocks with unsustainable valuations.
9. These will be the first to fall.
10. The market will drop 50% to 90% and we will all be selling pencils and apples on the street like in '29 or maybe opening up www.pencilsand apples.com

This, IMHO, is ahhaha's Terrible Truth.

Not incorporated in the above is an explanation for, or incorporation of the mitigating effects of:

- low inflation
- strong job growth
- budget surplus
- social security
- strong 401 investment programs, not the 10% margin stuff from the 20's
- dramatic improvements in productivity
- evolution to an information-based economy
- signs of Asia bottoming out

But then, I'm sure future soliloques will include all of the above and more.
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