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


To: Jack Clarke who wrote (14534)3/1/1998 8:15:00 PM
From: Bonnie Bear  Read Replies (1) | Respond to of 18056
 
Jack: ya, me too, I have all these articles dating from March 1995 warning people about how overvalued the market was then. Strangely I have an editorial from a European author in the Financial Times claiming the Dow was an incredible value and telling people to bet the farm on Dow stocks. So we in the US have our own little bubble where sometimes we fail to take into account the buying power and perceptions of foreigners into the multinational companies in the Dow and S&P. The thing we failed in appreciate back in 1994, I think, was that the US is the place where everybody in the world goes to start their small business, because our stock market is very liquid and our legal system protects both business owners and stockholders.
We have 1950 in some countries, 1982 in others. I would guess we'll look back twenty years from now and see that we should have been buying foreign stocks right now, when they are very cheap and nobody wants them.