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To: Glenn D. Rudolph who wrote (81282)10/20/1999 6:16:00 PM
From: GST  Read Replies (1) | Respond to of 164684
 
Glenn <those who tirelessly warn> I am glad nobody around here does that <vbg> -- but this guy is incredible! He says don't worry about stock valuations, its only the techs that are trading at a cazillion times earnings anyway. Rubish. Do you call GE a tech stock? William likes to reminds us of 1995 -- at which point I remind him that the pe on intel back then was 11. And the savings rate argument -- rubish. My elderly relatives all are clamoring to buy stock. I give in and say ok buy 500 hundred of this and that -- and do you know what they do? They double or quadruple the quantities. They don't want a dime sitting around in that useless cash. These are the same people who thought stocks were too risky a few years ago when I could not get them to look at IBM before it went up 500% -- now they think there is 'no risk'. HA! Randy thinks so too -- its everywhere. This is an amazingly fearless and highly risky market -- the guy from ML notwithstanding. Never have so many stood to loose so much so quickly.



To: Glenn D. Rudolph who wrote (81282)10/20/1999 9:16:00 PM
From: re3  Respond to of 164684
 
<<<Bruce Steinberg is chief economist for Merrill Lynch.

Merrill Lynch

what would they say...

i remember in 94 when orange county had $ problems and the dow tanked to 3600...i told my broker Templeton and Lynch were gonna be on rukeyser,,,he says you don't need to watch, i'll tell you what they will say...
of course then it was buy hold and do not panic....

anyone speak to sir John lately ?

anyone know what he says NOW