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Politics : Ask Michael Burke
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To: MythMan who wrote (51986)3/15/1999 12:22:00 PM
From: Mike M2  Read Replies (1) of 132070
 
MM, brat's fantasies will be shattered by financial tough love and economic violence as predicted by the Austrian school. Once again MM the bigger the boom the bigger the bust. Even nonbelievers must wonder about Nasdaq 100 PE of 98 - sure it can go higher but to whom will they sell. Simply put this market is a confidence game of historic proportions. Garfield Drew said stocks don't trade for what their worth but what people think they are worth. I know that only falling prices will convince the public that stocks are very overvalued. There will be tough lover fer all. mike
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