Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: PaperChase who wrote (69917)	11/2/1999 12:28:00 PM
From: Mike M2	Read Replies (1) \| Respond to of 132070

PC, I never give up I have an iron will and nerves of steel. Perhaps some think I am too stubborn but I am confident that the only thing new about this paradimes is the the lengths to which Wall St, companies and the gov't have gone to delude the public that this mania is based upon sound fundamentals rather than the greatest credit excesses in history. Like all past manias it must end badly until then enjoy the party. ho ho ho Mike

To: PaperChase who wrote (69917)	11/2/1999 1:03:00 PM
From: Freedom Fighter	Read Replies (3) \| Respond to of 132070

PC, I have a serious question about the attitude of some bulls. (not necessarily you) To be quite honest, I have a very difficult time finding "value" investors that think that this isn't a bubble. When you find one, they are usually from Wall St and have a vested interest in either believing the impossible or promoting it to the public. The typical range of views among non-vested interests are as follows: 1. Prices in aggregate are very high, but not quite as high as they look. The massive overvaluation is limited to some industries. 2. This is a dangerous financial bubble and is likely to end very badly. Given that these views have a reasonably high probability of being correct, it seems to me that it's in almost everyone's interest (except Wall St.'s) to prevent the excesses from getting larger. Partly because of the economic implications of a major bust if it should occur and partly because billions of dollars of middle class money is still heading into overvalued securities. What is it that I'm missing? Wayne