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To: Investor2 who wrote (12921)1/11/1998 8:04:00 PM
From: robnhood  Respond to of 18056
 
I2 and karl, Re: Evaluation, IMHO the value of anything is what the buyer is willing and able to pay . If the huge , and over history , unusual investment in eqities in the last few years has only got the prices to somewhere around fair value, where is the money going to come from to push them even higher? There are now so many people in the market, I find it hard to believe that this has not skewed prices to the very high side, just as they did with real estate and sports cards and tulips..
russell