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To: Robert Rose who wrote (121541)3/24/2001 5:04:37 PM
From: GST  Read Replies (1) | Respond to of 164684
 
Stocks are still over-priced: siliconinvestor.com



To: Robert Rose who wrote (121541)3/24/2001 5:46:42 PM
From: Sarmad Y. Hermiz  Read Replies (2) | Respond to of 164684
 
>> on what do you base this wild assertion??

Oh, just a general feeling of wildness on a wintery Saturday afternoon. Actually it has been a long held opinion for me.

But in addition to that, I look at societies in Africa, where they could be fully employed for a twenty or fifty years to improve their life. The same story applies in various ways to the rest of the world. There are only a few islands of social order among the earth's population. Only in the US and Europe is it possible to have classic recessions or depressions. In the sense of factory owners producing too many goods and laying off workers until inventory is sold off. The rest of the world is in dire need of every sort of practical things. The disorder permeating their society prevents them from making the investment that would provide it.

There are real needs in the world, and they go beyond rolling the dice hit the next dotcom.