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Pastimes : The Naked Truth - Big Kahuna a Myth -- Ignore unavailable to you. Want to Upgrade?

To: BGR who wrote (45411)	6/7/1999 3:24:00 PM
From: Stefan	Read Replies (1) \| Respond to of 86076

Man you are so FOS. I don't think you even read your own post.

To: BGR who wrote (45411)	6/7/1999 4:06:00 PM
From: Defrocked	Read Replies (11) \| Respond to of 86076

What if every bone in your body said: (1)interest rates are going higher? (2)Inut stocks are virtually scams? (3)commodity prices will continue higher? Would you, should you continue to buy stocks??? What if (4)the Fed tightens, more than once, this year? (5)every professional risk taker you know is in cash? (6)Buffet,Templeton,Icahn(idiots all)hate this market? Would you, should you continue to buy stocks??? Do you question the veracity of the Bullish prognosticators, such as Acampora,Bataglia,Cohen, each employed by firms that make money selling stock, and have warrants on those same issues in their merchant banking inventories??? Would you, should you continue to buy stocks??? Do you question the quality of recent earnings, projected growth rates and the gamesmanship of whispered pre-released numbers??? Would you, should you continue to buy stocks??? Do you truly believe 80 PE's can coexist with 30%growth forever??? Would you, should you continue to buy stocks??? Do you blindly follow recently-self-crowned "geniuses" who've discovered how "easy" it is to make 25% ROE??? Would you, should you continue to buy stocks??? Do you realize that the debunking of traditional valuation models also "occurred" in 1929, only to reappear with a vengeance shortly thereafter??? Would you, should you continue to buy stocks??? Do you realize stocks' valuations are rising mostly due to monetary expansion, hyped-demand and greed while totally unrelated to anticipated cashflow dynamics??? Would you, should you continue to buy stocks??? These are rhetorical questions all. No reply necessary. If you would buy stocks here, and buy stocks there, and buy stocks everywhere, you do not belong on the Myth Thread.