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Pastimes : The Naked Truth - Big Kahuna a Myth -- Ignore unavailable to you. Want to Upgrade?

To: MythMan who wrote (14067)	12/29/1998 3:29:00 PM
From: accountclosed	Respond to of 86076

There is some logic about the market that is lost on most of the "investors" these days. That is if valuations persist where they are and each and every inut keeps doing this, every tom dick and harry will be taking their hs company public. And a lot of capital will be getting into the wrong hands. a lot of a precious resource (capital) squandered. That is what is wrong with inflation...misallocation of assets. Businesses don't do the right thing as they buy too much to get the jump on inflation. The bubble has to burst. It isn't just a matter of boomer's retirement flows.