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Technology Stocks : Cymer (CYMI) -- Ignore unavailable to you. Want to Upgrade?

To: Gary Metzer who wrote (16719)	4/18/1998 10:05:00 PM
From: WTSherman	Read Replies (4) \| Respond to of 25960

Gary, best of luck with your strategy of infinite gains. I would suggest that you might want to remember the great "bubble" economy of Japan during the 80's and early 90's. Their market reached 39000 pts before the bubble broke and it bottomed out at 13,000. If you read Japanese newspapers of that time you would find virtually the same logic that was in your post. An incredible amount of wealth was being produced and it had nowhere to go. It rather sudddenly all stopped and investors who saw that they had a huge "paper fortune" decided that they would like to make those fortunes more real. So they sold and sold and sold. I'm not saying that is going to happen here, but, throwing out any logic basis of for valuation of equities will sooner or later bring a sad and sudden awakening to reality.

To: Gary Metzer who wrote (16719)	4/19/1998 5:10:00 PM
From: Ginko	Read Replies (2) \| Respond to of 25960

...Add the potential of privatizing social security and billions more going into equities and we will see Dow 18,000 in five years, and then we see the bubble burst, reminiscent of Japan.

To: Gary Metzer who wrote (16719)	4/19/1998 9:17:00 PM
From: Tulvio Durand	Respond to of 25960

... Market top?....maybe in previous years, but not now. ... Gary, don't give up the day job. <g> Besides Japan's tumultous market fall, there have been several "this time is different" scenarios presented that were followed with severe market corrections. And before them there was even the tulip market where bulbs sold for thousands $ and that soon after sold for pennies. And there was the unsinkable Titanic. But I suppose this time it's REALLY different.Yeah! G/L with investments. Tulvio