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To: Tim McCormick who wrote (82556)1/6/2000 2:08:00 AM
From: KeepItSimple  Read Replies (3) | Respond to of 86076
 
>They will buy all the way down as old world scholars laugh at the
>unraveling of the system.

Am I the only one that thinks when this finally ends, that some fundamental concepts of equities markets will change?

I'm actually rather sure we'll end up with a socialist party elected, after half the population is thrown into poverty after the bubble collapses.

What are your predictions when the system finally unravels?

I read once in a essay by Kenneth Galbraith that the head of a famous brokerage (schwab?) went to a psychiatrist because he was seriously concered that he must be insane for thinking stocks were utterly overvalued, when all of his friends and business associates were predicting the market would go up forever. That visit took place in early 1929.