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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Jim Willie CB who wrote (2658)	3/22/2004 12:26:37 PM
From: mishedlo	Respond to of 116555

he said tech valuations were absurd, which is not a neutral stance he debunked the New Economy myth, again hardly neutral the fact that he avoided shorting tech stocks does not make him a sideliner he actively warned investors to be careful of the bubble In the timeframe that Buffett plays HE WAS NOT WRONG. Very very few people play a timeframe of 10's of years like Buffett does. When one says one is wrong, one has to consider the timeframe that person plays. I was critical of "soon" in that article saying bonds were gonna collapse. That to me means SOON not 3 years from now. Perhaps if that persons definition of soon is 3 years from now then perhaps I stand corrected (if indeed treasuries collapse within 3 years), but I seriously doubt that is what he meant by soon. By the way: the idea of a new economy making those absurd valuations seem "normal" is indeed a myth. There is no new economy really, only an exconomy. We found the same thing out in the railroad bust of the 1880's and the bust of 1929. It seems we also have to find it out again. Mish