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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (26400)	3/5/1998 12:12:00 PM
From: valueminded	Read Replies (2) \| Respond to of 132070

Mike: Even with the warnings etc, do you really expect them to take a toll on what is arguably the most overvalued market we have ever seen? I for one do not think it will do anything but put a blip on the upward chart. As long as the company has cash and positive cash flow (ie not in danger of going out of business), then this market does not assign stock values based on underlying fundamentals I think the beginning of the end is when the central bank puts the brakes on the money supply expansion. As long as they feel that they can let it grow without "inflation" then they will let that happen - and hence we will have more money chasing and driving up the costs of these "intangible assets"