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

To: PaperChase who wrote (64791)	7/18/1999 3:08:00 AM
From: JF Quinnelly	Read Replies (1) \| Respond to of 132070

"That's why bubble talk ... consists of emotional stories, vague formulations and sensational warnings," he said." Gosh, that statement kind of reminds me of this thread. Sure does, and it would be true if it weren't for the Austrian school writings on credit expansion. Feel free to critique it.

To: PaperChase who wrote (64791)	7/18/1999 9:12:00 AM
From: Freedom Fighter	Respond to of 132070

Paper, >>"That's why bubble talk ... consists of emotional stories, vague formulations and sensational warnings," he said."<< I made a few adjustments. "That's why new era talk ... consists of preposterous stories, wishful rationalizations, and sensational lies," he said" (g) :-)

To: PaperChase who wrote (64791)	7/18/1999 11:31:00 AM
From: Skeeter Bug	Respond to of 132070

>>""That's why bubble talk ... consists of emotional stories, vague formulations and sensational warnings," he said."<< not true. the bears take an analytical approach. we take historical values. we look at book value relative to avgs and make adjustments for the new things in the economy. we look at history. we look at credit build up. we look at deteriorating savings. we look at asset inflation. we look at chained pc sales and see why the gdp is over stated 100%. we look at new age accounting and attempt to figure eps to compare apples to apple w/ history. the bulls, on the other hand, say things like "buy a good company (with no regard for valuation whatsoever - just buy it), stocks always go up, fundamentals don't matter, etc, don't get left behind, bears are a myth, dow 25k in 3 years, your just emotional, now buy stocks." so far, the analytical approach is being trashed by large cap stocks and a few others. however, it is disingenuine (sp?) to say it is an emotional approach.