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To: Jim McMannis who wrote (93321)12/2/1999 4:22:00 PM
From: Burt Masnick  Respond to of 186894
 
Re:"It appears one can throw a brick out the window and it will go up these days..."

Ignoring the gratuitous implied slur on Intel, the fact that dotcoms and IPOs are levitating and people are talking about the "new economy" and "earnings (or the lack of them) don't mean anything", I'm inclined to believe that "Irrational Exuberance" would be a little mild to describe the overall market today (at least the nifty fifty). I've got a tulip bulb I'd love to sell for a fast $100,000 too. When you start to see the phrase, "I'm a fool to pay this price, but a bigger fool will take it off my hands at a higher price" - which was actually used before the '87 crash - it's time to take your profits and run.

Burt



To: Jim McMannis who wrote (93321)12/4/1999 7:01:00 PM
From: Tony Viola  Respond to of 186894
 
Jim, OT, Y2K. I just heard an opinion that part of the reason for the "meltup" of the market the last few weeks is because Y2K is getting debunked as something to fear at all. Bob Brinker's the one that said it, meltup his word. Do you still think Y2K might hammer the markets? It is still early December, might still be time. Brinker was sort of laughing at those that got out of the market for Y2K fears only. He's said all along to not change your investing plan at all for Y2K hysteria reasons. Score so far:

Brinker 1
Yardeni 0

Game not over

Tony