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Strategies & Market Trends : The Stock Market Bubble -- Ignore unavailable to you. Want to Upgrade?

To: Cage Rattler who wrote (3321)	1/3/2001 9:46:36 AM
From: Professor Dotcomm	Respond to of 3339

I am afraid, Ted, that I am still dithering. Unplaced cash is a wretched responsibility. Having seen the asset bubble burst in Tokyo in 1990 and the U.S. bubble bursting right now (who is going to tell President Bush that it is the economy, stupid?), I am starting to feel that a rich asset bubble could start to form in Europe over the next 5 years. With the Euro at levels that make most exporters salivate, we could see Europe starting to assert market leadership. However, I have a suspicion that, this time round, it won't be the Germans but the French who will be leading the charge (as usual the Brits will have missed out again, because, this time, of their expensive pound). How to position? Well one should not rule out a modest rally in gold reflecting reassessments of the U.S. $ and it could be a good interim choice until we have evidence that Europe is picking up the slack. Classically, though, it starts with the internationals, then seeps down to the domestics and then, at the high noon of the asset bubble, you switch into banking stocks and those of the investment dealers.