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To: Andre Williamson who wrote (34905)10/6/1999 5:01:00 PM
From: The Phoenix  Read Replies (1) | Respond to of 45548
 
Andre,

Mehrdad said nothing. The fact that there are limited funds available in the system may or may not be true..that is not a discussion that I think we want to get into. The issue I think is valuations and what appears to be ridiculous valuations at that. Valuations are based upon perceptions and supply and demand. If there is no money than demand will wane and thus the price will settle.

Again, I don't think we want to get into money supply, fed tightening/losening, borrowing, etc.. Prices are a function of supply and demand... there's little else to it.

OG



To: Andre Williamson who wrote (34905)10/6/1999 5:17:00 PM
From: Mehrdad Arya  Respond to of 45548
 
Andre, thanks for understanding.