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Strategies & Market Trends : Graham and Doddsville -- Value Investing In The New Era -- Ignore unavailable to you. Want to Upgrade?

To: Freedom Fighter who wrote (183)	4/17/1998 10:18:00 PM
From: Investor2	Read Replies (2) \| Respond to of 1722

Re: The article about the U.S. Stock Market Bubble in the Economist. I went to the link you provided and began reading the article. After reading the first few sentences, I started skimming through the article quickly. The last couple of paragraphs barely got a glance. Why, you may ask? Because I've read so many of those articles over the last year or two that I know exactly what will be said. I can just about recite the story without even reading it: big bubbles similar to today, in the opinion of the authors, followed by devastating declines in stock prices. What does my reaction to the story mean? Why do I know exactly what will be said before reading it? I certainly care about the subject matter, since I am grossly overweighted in equities and, should the forecasts of doom come to pass, a good portion of my net worth will be wiped out. I certainly know what bear markets are like, since I've been investing since the mid-1960s. Maybe it's just that I've seen so many of these doom and gloom stories that I know exactly what is going to be said and I don't need to waste time re-reading the same old story. Best wishes, I2