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Pastimes : All Clowns Must Be Destroyed -- Ignore unavailable to you. Want to Upgrade?

To: Mike M2 who wrote (17298)3/14/2000 4:53:00 PM
From: Defrocked  Read Replies (1) | Respond to of 42523
 
Speaking of Jeremy Siegel, I had the opportunity
to ask one of the authors of "Dow 36,000" (the book which
bastardizes Seigel's analysis) some questions
a while back which he couldn't answer.
Namely, if stocks are "no more risky" than US govt.
bonds, what's to prevent corporate debt, which is
less risky than corporate equity, to being priced
through the government curve???? What BS. If the
Dow ever gets to 36,000 it will have nothing to do
with Glassman and Haskett's book. But this bubble
does.



To: Mike M2 who wrote (17298)3/14/2000 4:57:00 PM
From: pater tenebrarum  Read Replies (1) | Respond to of 42523
 
yeah, i saw Seigel...what an old era idjit...what does he know? <g>

seriously, it doesn't take a genius to figure that out. i keep telling the bulls that it doesn't matter how good the news are going to be from here on out. it's been priced in 2-3000 NAZ points ago already.

who's Harpo?


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