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Pastimes : The Naked Truth - Big Kahuna a Myth

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To: MythMan who wrote (24380)3/10/1999 9:46:00 PM
From: Earlie  Read Replies (2) of 86076
 
MM:

I fully agree with you. This is a mania, so "discounting" future, or even present bad news has been outlawed.

That said, the widening chasm between "clear stupid" stock prices and falling revenues/margins/profits/growth just ensures that when it does let go, it will be one heck of a descent. I reckon the massive leverage in place also ensures an overshoot as well.

In a world with few certainties, one thing is for sure,....this deflationary wave may be delayed, but it will not be deterred.
Takes one's breath away just contemplating it.

Best, Earlie
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