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Non-Tech : Tulipomania Blowoff Contest: Why and When will it end? -- Ignore unavailable to you. Want to Upgrade?

To: Dan Woodbury who wrote (2128)	10/29/1999 4:18:00 PM
From: KyrosL	Read Replies (2) \| Respond to of 3543

Funny you mentioned GE. Their latest 13% earnings increase consisted of a 5% increase in operations and 8% gains in their pension fund transactions -- gains which accounting rules allow them to include as part of their earnings. This was pointed out in Barron's a couple of weeks ago. I guess analysts nowadays are in a forgiving mood when they deal with the new nifty fifty.

To: Dan Woodbury who wrote (2128)	11/2/1999 5:48:00 PM
From: bobby beara	Read Replies (1) \| Respond to of 3543

>>>>Face it, as long as GE can grow profits a steady 12-15% a year, quarter in and quarter out, who cares if the stock trades at a 100% premium? There isn't really any reason why the stock couldn't trade at a 200% premium.<<<< Woodbully -g- why not 300% premium, why not 400% premium as investors sell each other pieces of paper based on "perceived" higher value Duh, thats why its called tulipmania! When it stops nobody knows and certainly the bears have been wrong for a long time, it will stop - like all pyramid schemes. ... nothing new has ever been invented , they just change the names to phool the masses.