To: Chuzzlewit who wrote (149691 ) 12/22/1999 11:17:00 AM From: edamo Read Replies (1) | Respond to of 176387
chuz...ot ot re" obsession in japan" must disagree, i was in japan during this period.....the "obsession" was not as you present. the average worker still had monies in much simpler and secure investments, not in common stocks. the "bubble" that you feel is in our current market has effected our economy, as many of the "lesser" of the "greater" fools, have used the "bubble" acquired wealth to purchase homes, cars, durable goods...this is fueling our economy....the same did not hold true for japan....little or no monies were taken off the table by jpns investors. real estate surged much as it did in hong kong, there was more of a real estate bubble, then an equity bulge. easy to see how money was spent in the usa, e.g. pebble beach, rockefeller center... jpns "big money" investors were making global real estate investments which became fatal. things are different this time...the cash inflow from employer contributions did not exist in the years you cited in a recent post. scary thought...the nyse on friday, in that one session, traded more shares then in all of the 1964 sessions! not saying right or wrong, admitting to change, values secondary, shares a commodity....can't stand in front of a speeding freight train and deny my fate....better to step aside, or ride the train, with full knowledge of where the "stops" are......maybe once in a lifetime...why not prosper? in life, as in investing, it takes the mind of a "lesser" fool to take a calculated risk....go against the odds and have a vision to grab the golden ring....every successful individual is in this "foolish" category....... as always, appreciate your stimulating pro or con views.....sharing ideas is what it is all about..... happy holidays.....ed