Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Moominoid who wrote (1965)	10/4/1998 8:16:00 PM
From: Tommaso	Read Replies (2) \| Respond to of 3339

To me, it looks as if there is developing a widespread acceptance of a coming financial catastrophe, somewhat as sixty years ago there was (a much more ominous) acceptance of a war. As Galbraith said cheerily in "The Great Crash." "Nothing is being lost except money." Even bulls seem to accept that the market is terribly high, and their pronouncements have something in them of assertions of religious faith: "Credo, quia absurdum est"--I believe because it is absurd. I hope that economists of intelligence and men and women of good will and foresight are already working on what to do to restore good order. I am not sure I will live long enough to see good order restored, so my main aim is to protect myself against and yes, even profit from, disorder, so as to promote things that I believe in. Including a certain amount of comfort of my own--maybe even luxury--such as drinking Samuel Adams rather than Olympia.