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Strategies & Market Trends : The Stock Market Bubble -- Ignore unavailable to you. Want to Upgrade?

To: Tommaso who wrote (1377)	8/28/1998 7:11:00 PM
From: bobby beara	Read Replies (2) \| Respond to of 3339

No one knows what will happen. But I do know that the stock market is still about twice as high as it rationally ought to be. Tommaso, fundamentally you are correct and maybe being even generous at 2x the mean, if we are in the process of reversion to the mean, that means that the irrationally high market may correct irrationally high to the other side of the mean. There is a lot of hubris and jingoistic talk. I just heard a jerk analyst hammering his fist on the table and reiterating what that moron beaurocrat said to Hashimoto at the GZ meeting . . . this GREAT AMERICAN ECONOMY DRIVEL. Turned my stomach! It is no wonder American's are disliked around the globe and terrorists are chomping at the bit to blow up our embassies. Somehow people think America is an island, the 'goldilocks' world economy is good enough to push the market to valuation measures that surpass previous blow-off market peaks, but for some reason when 'worldwide goldilocks" get's eaten by the bear IN NO WAY CAN IT AFFECT THE GREAT AMERICAN ECONOMY. Give me a break -g- Bulls out there, this is a NO BRAINER. Quit listening/parroting the drivel spoon fed you from the media and use that appendage God put between your ears -g-. This is not a new era and the business cycle has not been repealed. America is not an invincible economy any more the the Titanic was an unsinkable ship. But in times of great hubris - these tenets considered de facto, turn out devastingly disapointing, as will the resolution of the current drama. Greater Fools Day was on 4/1/98, when the market made it's final peak internally and all rallies since then have been bear rallies. bb Enough Soapbox. GO SOSA! GO McQuire! 62 and a 500 ft blast -g-