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

To: MythMan who wrote (16267)	1/19/1999 3:56:00 PM
From: Bonnie Bear	Respond to of 86076

whoa nellie.... lookee here....the IRS just turned the REITs into internet companies! Most of the big companies around here LEASE THEIR BUILDINGS. -ggg- biz.yahoo.com below book value...8% dividend....p/e 8....and nobody is covering it on CNBC..... Hmmmmmmm..........

To: MythMan who wrote (16267)	1/19/1999 4:11:00 PM
From: wlheatmoon	Read Replies (3) \| Respond to of 86076

I've lurked and participated on this and MB's thread for a while now. I think that much of what is said about overvaluation is correct and that there should be a correction if not a crash to reestablish the "norm". However, what should happen and what will happen are two different things. I'm getting more convinced everyday that we are in a new era. There is no shortage of money for the market. If you look around at all the pension plans and money that's put away for the long term, that money is not being moved. There's got to be a ton of cash going into the market every day from these plans. Look around you, your neighbors, your friends, your own family---they all have money in some pension plan that is sitting in the market. Most of these people have a time horizon of 10-20 years if not longer. Where else are they going to put their money. So what if DOW drops 500 points or 2000 points, they'll keep investing and dollar cost averaging. In the long run, the bulls will win. The bears may be more rational and may make big money on a swift correction--if appropriately positioned in time. There will be no long-term correction. There's just too much money out there. I don't see it changing. There's a ton of jobs out there. Everyone is doing extremely well. So what if the PE ratio is out of this world. So what if many of these companies are not making as much money. Everyone is putting money into the market and there is a new paradigm. We're dead wrong. The market may cough and sputter, but there will be no major depression. Enough of this tough love already. It ain't happening. The global economy will keep cycling up and down, but we're basically impervious. Join the fun. Dollar cost average into this bull and keep buying. DOW will be higher in 20 years than it will be tomorrow. No two ways about it. mike