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


To: Investor2 who wrote (31555)8/26/1998 11:28:00 AM
From: Joseph G.  Read Replies (1) | Respond to of 132070
 
<<use knowledge gained from history to develop a rationale assessment of anything in life.>>

history teaches me that after a huge 16-24 year run ups in stock prices, when traditional valuations are cast aside and suckers spend their time proving why exactly traditional valuations are wrong and that there is a New Era, after all of this there is ALWAYS a terrible multy-year series of bear markets when the said suckers lose all or nearly all the money they have.

I asked myself the following question: has there been a terrible multy-year bear market yet? My answer: no, not yet. Perhaps it's just starting. Being fond of asking myself questions, I ask another: is now a good time to buy stocks? And I answer myself: no, not now.



To: Investor2 who wrote (31555)8/27/1998 3:27:00 AM
From: Skeeter Bug  Read Replies (1) | Respond to of 132070
 
>>I agree. You missed my point. My point is that one MUST use knowledge gained
from history to develop a rationale assessment of anything in life.<<

i2, the last time valuations were this high was when... the same time investing was like the sun rising... 1929?

please tell us what history teaches us ;-)