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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?


To: PaperChase who wrote (62337)6/14/1999 8:14:00 PM
From: Skeeter Bug  Read Replies (2) | Respond to of 132070
 
pc, your view is flawed. on need only look to last decade and japan. the nikkei is well over 50% off its high of 39k. was 20k over valued? history proves - yes. the nikkei hit 25k. was that over valued? yes. was 30k over valued - yes. it still hit it. was 35k over valued? yup. passed right through it. it didn't top until 39k.

please tell a japanese investor who bought at 39k that 17k 11 years later is "up."

if you disagree that the nikkei is a valid comparison, please state your specific reasons. tia...

skeets



To: PaperChase who wrote (62337)6/14/1999 8:23:00 PM
From: Mama Bear  Read Replies (1) | Respond to of 132070
 
So, if the Nikkei were overvalued at say, oh 39000, it would never have gotten there? Higher price increases risk.

I'll keep on doing what I'm doing thanks. My YTD is most satisfactory, and I wasn't one of the bears who was 'wrong' at 6500, 7500, or 8500. For whatever the Dow index value is worth in this day and age. BTW, I don't see any conspiacy. I don't know where that idea came from.

Barb