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To: DownSouth who wrote (69756)12/11/1998 8:31:00 AM
From: Joseph Pareti  Read Replies (2) | Respond to of 186894
 
> TK uses the term "irrational exuberance"

in what context did he use it ?

If this were to be a compound rating based on :
(i) the impeachment delirium has a fair chance to succeed
(ii) Japan in no better shape than it was 3 months ago
(iii) lousy profits keep coming in
(iv) the only fuel to the market is the interest rate and the liquidity searching for a home

well I would give him right for the first time.