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To: Bill Harmond who wrote (81018)10/18/1999 5:27:00 PM
From: GST  Read Replies (1) | Respond to of 164684
 
He quite clearly states his case that stocks are risky and right now they are priced as if they are not. There is only one way to correct this -- prices must come down.



To: Bill Harmond who wrote (81018)10/18/1999 5:32:00 PM
From: GST  Respond to of 164684
 
William <so he's warning them to be more vigilant in assigning risk premium in their LENDING against potentially volatile assets> to bankers, yes he is saying don't lend against over-valued stocks -- and all stocks are overvalued by his estimation because stock prices do not reflect any risk in their prices now -- read it William -- that is what he said.


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