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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: long-gone who wrote (54166)	6/13/2000 10:45:00 AM
From: LLCF	Respond to of 116762

<As always those who wish to be blind, see nothing. > ROFL... there are also any number of companies that don't hedge and ounce, but I'm not going to tell Ron which ones, I know he's a closet bull on gold. Great article on the 'bubble': By that light, it is not easy to rationalize huge price-earnings ratios. Dr. Modigliani argues that it is impossible for the economy to grow as fast as the market seems to be forecasting, even if some companies will do very well. "You cannot believe that corporate earnings will rise forever at 7 percent," he said. Eventually, "the entire national income will be taken by profits." Dr. Modigliani is not a man given to frequent outbursts on the stock market. I called him after I heard that he had talked about bubbles in a speech to the Boston Security Analysts Society. At his only previous address to that group, in 1976, he mocked Wall Street for undervaluing stocks. search1.nytimes.com Here's my favorite: Dr. Modigliani began selling stocks about a year ago, and has no apologies. "The only people who did well in 1929 were those who sold too soon," he said. "The final test will be if the collapse comes. If it doesn't come, I'm wrong." HO ho!!!!!!!!!! Got Pooooooooooots? DAK