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Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?

To: Cynic 2005 who wrote (6839)	11/2/1997 2:01:00 PM
From: Zeev Hed	Respond to of 18056

Mohan: I am bearish on the market right now, but the reasons are simple overvaluation coupled with break in the momentum, not an impending catastrophe a' la 1929 which involved not just Wall street but Main street as well. For the latter ro happen you need a down to earth depression, major imbalances between supply and demand. I can see localized excesses of capacity and this a reason I see some dflationary preessures, but I also see a pool of new demand in the world wide expansion of the consumer class. Zeev