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

To: Rational who wrote (10436)	12/7/1997 6:45:00 PM
From: Joseph G.	Respond to of 18056

Sankar, I hope you understand that the "analysis" you posted can be summarized as: "Are stocks overvalued compared to market prices - no, they are valued exactly according to market prices paid by irrationally exhuberant, inexperienced "investors" drawn to the equity markets by mutual fund, broker and swindler advertisement, who flood the equity markets with their saved money without understanding that the assets they are buying will yield near zero retuns for many years to come, even if the best-case world economic scenario, which was recently shattered by the Asean events, would have held for the next seven to 10 years." Joe

To: Rational who wrote (10436)	12/7/1997 8:50:00 PM
From: Ocote	Read Replies (1) \| Respond to of 18056

Sankar-- The U.S. Treasury question opened again: Possible for Japan to use reserves for banks--MOF biz.yahoo.com But curious to read Dornbush' comments about T-Bill sale: biz.yahoo.com What are your thoughts? Ocote