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Strategies & Market Trends : DISsing DISney -- Ignore unavailable to you. Want to Upgrade?

To: David W. Taylor who wrote (101)	5/1/1998 12:46:00 PM
From: capitalistbeatnik	Read Replies (1) \| Respond to of 136

Shorting anything makes no sense anymore regardless of how ridiculously expensive the stock is. The market and the DOW 30 in particular have entered a brave new world of earnings multiples and the whole process is liquidity driven. At some point, the bubble will burst but probably not for 5-6 years when boomers over 50 start cashing in and moving to bonds. (I wonder how the Feshback brothers are doing in this market!) Fortunately I covered with stops a while ago except for a small position I keep as a hedge.