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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?

To: SOROS who wrote (8236)	10/19/2002 1:18:33 PM
From: SGJ	Respond to of 89467

>>Robert Shiller, of Yale University, wrote a book before the early 2000 bubble reached its peak. In "Irrational Exuberance", Shiller warned and documented the case that stocks were overvalued>>> I read it too, a little too late though to get out at the top. He seemed like one of those "crazies" back at the time (April 2000) Don't forget Batra, who also a "crazy", makes a good case for what is presently upon us in the financial/social realm. It appears to be impossible at this time to truly burst the bubble. Those that were asking me for the first time what else they should invest thier 401K's in two weeks ago, are now smug and complacent that the bottom is in and I'm still just another crazy. This op ex paint job we experienced last week was the perfect set up to keep the 401K crowd from capitulating after opening their October statements. The mufu outflows were just starting to get going, the average person was starting to feel fear, gold was on the launch platform, indexes were ready to plunge, financials and semi's were set up to get to fair value and then.....moonshot. 3 am futures ramps by the PPT. Ultimate spin job by the collusive media. Ignoring the bad numbers they couldnt spin and lying very well about the ones they could. Capitulation delayed again. <<Back to pain killers>> Staying away from chemical substances this weekend to build character, went short into this ramp, maybe a little too exuberantly. Using lamaze and yoga instead. :-)