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To: Maarten Z who wrote (61782)	9/14/1999 4:05:00 PM
From: hunchback	Read Replies (2) \| Respond to of 86076

Overvalued Wall Street is set for a 5500 points crash thisislondon.co.uk LOL hunchback

To: Maarten Z who wrote (61782)	9/14/1999 4:26:00 PM
From: pater tenebrarum	Respond to of 86076

MZ, i have seen similar things happening in the past...imagine being short Japan from Nikkei 36,000...pure agony for about two months, and then in early '90 the bottom just fell out. a market that goes relentlessly up in the face of deteriorating fundamentals and internals is doomed to sober up violently at some point. much depends on the bond market - if yields rise further (which looks very likely to me, i believe Jim Bianco's views on the connection between the stock market and bonds are correct) there will be a massive reallocation of assets at some point, just as happened in '87. re: Bianco: he believes that stock prices (wealth effect) now drive the demand side of the economy, which in turn drives bond yields higher.