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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: William H Huebl who wrote (26412)	9/3/1998 9:10:00 PM
From: HairBall	Read Replies (1) \| Respond to of 94695

Bill: Overvalued by WHOM??? It is the market that is right and not it's observers! That is THE most important thing to learn, I have to disagree with you. The market is not a living breathing creature. The pundits are always giving it human like characteristics. But, WE ALL KNOW it isn't so. Looking at historical standards can be used to assess reasonable market value. The reason this market is over priced is that investors have become manic. They are buying into stocks simply because of the price momentum. That is not the same as reasonable value. I fear that is the "New Era" investor's legacy and doubt it is going to change! BWDIK Regards, LG