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To: Ironyman who wrote (36774)7/7/1999 10:39:00 AM
From: Hawkmoon  Read Replies (1) | Respond to of 116927
 
We have a classic example of overproduction. After everyone in this country has two new cars, new large homes, furnishings, etc the "House of cards" will fall.

I think you'll have a long time to wait for that criteria to manifest itself.

Btw, have you read Martin Armstrong's analysis of the market for the next several years??

pei-intl.com

Very interesting perspective. Pay special attention to his comments about how it can't be a major bubble if everyone isn't playing.

But he does project that the rest of the year will be flat to down because of Y2K.

Regards,

Ron