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To: Shack who wrote (64097)	2/1/2001 8:31:10 PM
From: UnBelievable	Read Replies (1) \| Respond to of 436258

When the Price of Something is Not Based on Anything, It Is Difficult To Predict What It Is Going To Be In The Future. Even if the prodigious production of liquidity was not offset by decreasing amounts of foreign investments, maintaining stock prices which are so unrelated to the economics of the companies they represent is fundamentally unsustainable. While it is possible that there may be a 20% increase in the NAS (or I guess any other index), and there definitely will be in some stocks (some no doubt on any given day <gg>) it seems to me that based on any reasonable set of assumptions an investment in the stock market today is going to have a negative return. I don't think you need look further than the discrepant and volatile behavior of prices to see that this is a sick and dangerous market. While it may seem safe to rely on the continuing stupidity of people it makes me real nervous.