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To: Don Green who wrote (19002)9/15/1998 10:28:00 PM
From: Terry Rose  Read Replies (3) | Respond to of 116767
 
Don, I don't want to burst your bubble but I think it's time for a little reality check. The main reason the stock markets around the globe had entered the ozone level of current over-valuations was the loose monetary policies which fueled it.

The top of the stock mania has already been put in. It was a great ride. All prior bull market evaluations ie p/e ratio, price to book, low dividends pale in comparison to the latest bull run.

I have one question for you. Where is the money going to come from to resurrect this bull market? Take a quick look around you. We are in a global liquidity crisis. Why is there so much pressure from Wall Street to lower interest rates?

Please for your own sake stay with this thread. Who knows. We might even convert you into a closet goldbug.

Terry,