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

To: Mike M2 who wrote (63441)	6/29/1999 1:24:00 PM
From: valueminded	Read Replies (1) \| Respond to of 132070

William: Looks like it is shaping to be a big up week. Look for a huge move in indexes today and tomorrow as Easy Al lives up to his name with a .25 point move. I would expect the move to be couched with easy terms to make sure that the market does not over-react. Bonds should zoom which will give me a chance to reload as inflation will kill this market. I agree with you - no chance at tough language - nor a 0.5point hike coming from the dept which created the inflation in financial assets to begin with. As far as how do we know we are in a bubble, Greenspan must be missing something. Lets count the ways: earnings growth slows, stocks go up, interest rates increase stocks go up, book value decreases stocks go up, credit ratings decrease stocks go up, revenue growth decreases stocks go up, debt increases stocks go up, savings rates decline stocks go up, bankruptcies increase stocks go up, companies have no pricing power stocks go up. Lets see AG have I missed any. Oh wait - I forgot the most important - monetary aggregrate expansion and personal debt expansion - stocks go up... Well this one makes sense at least. imo <g>