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To: Jumper who wrote (84068)	1/26/2000 8:48:00 AM
From: Rarebird	Read Replies (1) \| Respond to of 86076

< I find that hard to believe. > There are people who do question their whole value system before they die and they sometimes make the necessary adjustments if it's not to late. As for the stock market, I respect the massive amounts of $$$$$ that come in each month, regardless of valuations. I won't fight those inflows. If I do, I stand to lose. I don't disagree that valuations have reached mind blowing proportions if you apply old-fashioned historical measures. It certainly has! But why should that stop one from profiting on the long side if you understand the new era mindset? One does not have to agree with it to profit. The stock market is an art and a science. Moral values have usually been extraneous to it. In 1997, I had some heated dialogue with Bobby Beara (when he was a practicing Perma Bear) over the religious and moral presuppositions inherent in a Perma Bear Market Outlook. Since then, he made some personal practical adjustments and I think he has profited handsomely. He knows more than anyone else that Perma Bear can become a religious obsession which can restrict you from profiting.