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To: KeepItSimple who wrote (66363)	7/5/1999 10:01:00 PM
From: Bill Harmond	Read Replies (1) \| Respond to of 164684

AOL and Yahoo could go to 50 trillion dollars each in market cap They could? Is that higher than $115?

To: KeepItSimple who wrote (66363)	7/5/1999 10:16:00 PM
From: Victor Lazlo	Read Replies (1) \| Respond to of 164684

<< Because Greenspan supposedly looks to those government figures when he's deciding whether or not to raise interest rates to keep inflation under control. >> I doubt it. He knows the stats are no good. << But the ultimate truth is there is no government statistic that will EVER signal that there is rampant asset inflation. None. Nada. >> I am glad for that. I don't know about you, but I have the NASDAQ composite, the SP500 index, and the DOW 30 to keep track.

To: KeepItSimple who wrote (66363)	7/5/1999 10:55:00 PM
From: Tom D	Respond to of 164684

What about the Dow Jones Commodity Spot Price Index? <<But the ultimate truth is there is no government statistic that will EVER signal that there is rampant asset inflation. None. Nada>> I presume you would argue that with rampant inflation, equity composite indexes would not necessarily be high, since the dollars used to purchase the equities would also be inflated. What is wrong with comparing dollars to a composite of commodity prices to measure inflation? The DJCSPI is updated daily in the WSJ. Tom D