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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: calgal who wrote (24658)	10/28/2002 4:34:55 PM
From: Hugh A	Read Replies (1) \| Respond to of 74559

Why stocks don't stink ... NOT! This would be funny if it wasn't so painful to so many. Glassman predicted a 36,000 Dow and he's dissing Gross for predicting a 5,000 Dow - some nerve! Glassman continues to make the same mistake he made in his book. Rational, valuation-based arguments are one thing and probably work, more or less, in a non-bubble environment. What Glassman does not consider is that the post-'95 market has been irrational. Combine that with Maurice's head hackers, Jay's WAT-WOT-NMD and Martha et al.'s past business practices, Gross looks to be a lot closer to the mark than Glassman. Some people would call Gross an optimist. Hugh

To: calgal who wrote (24658)	10/28/2002 8:08:17 PM
From: B.REVERE	Respond to of 74559

This all assumes dividends won't be cut and earnings continue to grow or at least stay flat. All these statistics don't mean squat coming out of an over bloated bubble that makes the '29 rise look pedestrian. It was the greed of investment bankers and manipulation of fiscal reports that caused this mess. The reasons to report true financial earnings were looked upon with disdain while the pro forma , ebitda, etc. b/s reports were cheered by the media. Meanwhile, the fed allowed bogus government reports to fool the "greater fools" into believing everything was alright in the land of Oz. Just report what they want to hear and we'll adjust next month or next year to what they really are. The government and media were in bed with their lies the last decade. It will be a long time before "investors" come back to this den of thieves. They have effectively destroyed a generation that will forever avoid the "stock market" knowing full well that their hard earned money can be gone overnight. Just ask Enron, World Com, Global Crossing, etc. employees.