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

To: Bilow who wrote (9655)	11/28/1997 6:23:00 AM
From: Bilow	Read Replies (1) \| Respond to of 18056

Might as well post the news that Japan's mid-sized Life Insurance companies are looking at zero profits at various Nikkei levels: Profits at zero Tokyo Mutual 17,600 Taiyo 11,000 Daido 15,000 Daihyaku 18,200 Fukoku 13,900 Kyoei 18,000 Nippon Dantai 16,000 Toho Mutual 17,500 biz.yahoo.com -- Carl

To: Bilow who wrote (9655)	11/28/1997 9:35:00 AM
From: Joseph G.	Respond to of 18056

Carl, <<It just seems to me that with P/B way over unity, it makes sense for companies to sell stocks and increase their business until this is corrected. Stocks are so easy to produce, why don't businesses take even more advantage of investors while they still can?>> It would make sense for the Co., but may not be the most profitable for insiders with stock options. Example: IBM. But, there are many Co. who do have large secondury distributions, for an example look at RATL. They sold 5 mil. shares roughly a year ago at $44 and the stock tanked to ~10. Most of RATL's book is proceeds from that distribution. And I agree mostly with <<it is now instead limited by the availability of suitably inclined and capable people.>> As for <<when they start making computers smart enough to do independent research and development?>> I can only say that so far, computers are tools only, and the tools can be used only to solve specific problems, general solution to which is already known. However, formulating the problems, or discovering new phenomena still requires capable humans. Joe

To: Bilow who wrote (9655)	11/28/1997 9:37:00 AM
From: Bruce A. Thompson	Read Replies (1) \| Respond to of 18056

Bilow, >>You know, even if the SEA wasn't Continuing to have problems, that is no reason why our market should remain so overvalued<< After you, Zeev, and the rest of you guys stayed up to the wee hours last night taking Malthusiam natural resource theories all the way to the sub-atomic level, I would hope you could figure out the steam in this economy. IMHO I see Baby Boomers in their prime earning years putting all they can ($25BB monthly) into mutual funds and leaving it there no matter what happens to the market as being the reason for this raging bull. They believe (like me) that Social Security will long since have been spent for all kinds of social issues so they are saving for their golden years. I just don"t see me being the last one with $$ in the market when they all start retiring and begin pulling it out instead of putting it in. Bruce