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To: Skeeter Bug who wrote (42160)1/14/2009 10:12:58 PM
From: Math Junkie2 Recommendations  Read Replies (2) | Respond to of 42834
 
Skeeter, my question was specific. Your answers have not been.

I asked

"Where do you draw the line between overvalued and not overvalued?"

You answered

"you look at history and you compare it to alternative investments and your best estimate of the relevant economic conditions"

and

"don't invest in bubble markets."

Remember, this discussion arose out of someone saying that riding out 50% losses was unacceptable. Well, if something is unacceptable, then that implies that there is an alternative. So far, no one has come up with one that an investor could actually use - just generalizations that are too subjective to be depended on.