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Pastimes : The Naked Truth - Big Kahuna a Myth -- Ignore unavailable to you. Want to Upgrade?


To: pater tenebrarum who wrote (67559)10/8/1999 5:57:00 PM
From: MythMan  Read Replies (1) | Respond to of 86076
 
You sound like Tice. You need to be put away -g-



To: pater tenebrarum who wrote (67559)10/8/1999 6:06:00 PM
From: Jorj X Mckie  Read Replies (2) | Respond to of 86076
 
Heck Heinz,
You got me beat, I only have a target of 1220 on the SPX. If it hits 1200, maybe 1120.

DJIA...9100ish, worst case 8500.

I guess that I am a wimpy bear.

I really don't see a prolonged bear market. Through the end of the year and then up into 2000. I know that the internet revolution is scoffed at often, but it is still early in the adoption stage. This means (to me) that there is still more room for the bubble to grow...after some corrective activities.



To: pater tenebrarum who wrote (67559)10/8/1999 6:10:00 PM
From: Real Man  Read Replies (3) | Respond to of 86076
 
The market appears to be about twice more overvalued by
any conventional measures than in 1929... But where is the real
estate bubble? There was one in the 20-s, there was one in Japan
in the 80-s...



To: pater tenebrarum who wrote (67559)10/9/1999 11:31:00 PM
From: BGR  Read Replies (1) | Respond to of 86076
 
Heinz,

The blunder of the then monetary authorities to reject the option of flooding the system with money at the onslaught of the '29 problem, but instead to choose the option of wringing out the speculative exesses from the system with tight monetary policy, was largely responsible for the problem in the following years. Oct '98 is a copybook example of putting historical lessons to practise. So, I would not worry if I were you.

-Apra.