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

To: patron_anejo_por_favor who wrote (30250)	4/29/2000 5:22:00 PM
From: Archie Meeties	Respond to of 42523

prudentbear.com Most probably, this largely has to do with the predominant conviction that the central banks and governments of today possess the superior wisdom and the better instruments to keep everything under control. Why bother about foolishness in history?

To: patron_anejo_por_favor who wrote (30250)	4/30/2000 2:05:00 AM
From: patron_anejo_por_favor	Read Replies (2) \| Respond to of 42523

Buffett on the Bubble: bloomberg.com Buffett compared the run up in Internet stocks to other manias, such as a tripling of prices for farmland in Nebraska in the 1980s. ``Any time there have been real burst of speculation in the market, it does correct eventually,'' said Buffett. ``Looking back, you will see this as an era of enormous wealth transfer, but investors as a whole will gain nothing. It's the same principal as a chain letter.''

To: patron_anejo_por_favor who wrote (30250)	4/30/2000 11:51:00 AM
From: hdl	Read Replies (1) \| Respond to of 42523

The Barron's article makes clear the big money managers are irrational, inconsistent, and illogical in many ways-with regard to both their personal and professional portfolios. I caught it (it wasn't hard) and then Barron's pointed it out explicitly. "Amazingly, 14.9% of respondents admitted to owning at least one of the two stocks they felt were the most overvalued." They are in love with tech stocks but believe the new economy bubble will burst. they are very bullish but 71% say stock prices are untethered to company fundamentals. 76.2% expect value stocks to rally. 62.8% expect small-cap stocks to rally but they are in large-cap, not small-cap stocks.