To: elmatador who wrote (100669 ) 5/20/2013 3:43:04 PM From: Maurice Winn 2 Recommendations Read Replies (1) | Respond to As the great and amazing Alan Greenspan KBE pointed out, it's difficult to tell when there is irrational exuberance until after the bust. As the estimable and venerable Warren Buffett pointed out, there are lots of cheap stocks and that the relentless and inevitable USA economy is going to keep right on steaming ahead so he expected to profit from Burlington rail and Wells Fargo, and he did, in a big way. In the current momentum driven market we are on the cusp of partying like its 1999, all the while flirting with the danger that when the music stops the consequences of having bought anywhere near the top are likely to be brutal and swift. > Trite but untrue. "The music" does not stop, ever. Life goes on, people must eat, mate, look after their children and have fun. 1999 was last century. It's now the 21st century and Cyberspace rulz. The world changed at the Y2K peak. It's a new world order. There is no peak, the sky's the limit. Yes, there can and will be short term peaks and big drops as people experiment with finding maximum returns on their investments and take fright from time to time. But there is no law of financial gravity which requires the end of the world and a return to Aztec times with gold and Ra ruling with temporal terror beyond an event horizon inside a black hole.
