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Non-Tech : Bill Wexler's Dog Pound -- Ignore unavailable to you. Want to Upgrade?

To: Graeme Smith who wrote (6109)	1/15/2000 8:30:00 PM
From: RockyBalboa	Read Replies (2) \| Respond to of 10293

I recognize your approach as "Bubbles grow bigger and faster as anyone would expect". Also you may take a look at the Japanese stock markets in the eighties...when the bubble bursted. Interestingly, before the Japanese market collapsed (it lost about 60%), I remember many people wondering about "japanese P/E ratios" but few expected it to end that bad and occasionally to bottom about nine years later. An outcome like in Japan would perhaps be worse than a short term correction of about 20, 30% because of its depressing economic effect, instead of the allocative effects of a shortlived bear scenario... Maybe the feds should short stock after hefty runs and provide buying support in bottoms again.. The only countermeasure I may take is putting some money into OTM Jun and Jan 01 puts.