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.

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

To: The Perfect Hedge who wrote (35875)	11/11/1998 9:45:00 PM
From: Lucretius	Respond to of 132070

beebs, they are assuming a roaring eonomy and endless growth. that will not be the case. Recall that crashes occur as everyone is exclaiming "why"!!!!!! afterwards, they always exclaim how great the fundamentals are.... can you see this happening anytime soon? there is no such thing as the perpetual motion financial model. When an economy becomes dependent on a stock mkt and a stock mkt is of course dependent upon an economy. The mkt always goes first because of the popping of a credit bubble... then the economy follows. or so history teaches us, but maybe we are in a new era (G) My guess is we saw INTC, IBM, INTV, MU, internuts, and other trash type speculative stocks top out today and yesterday. The speculative trash is usually the last to go, and it looks as if that will hold true once again.

To: The Perfect Hedge who wrote (35875)	11/11/1998 10:12:00 PM
From: Mike M2	Read Replies (1) \| Respond to of 132070

Beeble, SIA never forecast the 11% decline which is expected this year 1998 so I don't feel they have much credibility. Industry and trade groups tend to be overly optimistic but it light of the fact that much of the world is in recession or depression the 1999 forecast is absurd. In addition, I believe a recession is due in 1999 for the US. Mike