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To: Wally Mastroly who wrote (3932)3/16/1999 2:04:00 PM
From: sea_biscuit  Respond to of 15132
 
Interesting that there are no takers for Allmon's bet...

Based on interest rates, earnings yields etc. since 1980, the market is now close to 40% overvalued, according to the following :

together.net

A 50% decline will take the Dow all the way down to 5,000. I wonder how many investors are prepared for that eventuality, if it were to happen.




To: Wally Mastroly who wrote (3932)3/16/1999 2:22:00 PM
From: Wally Mastroly  Read Replies (1) | Respond to of 15132
 
*Abby Watch* - Bull market not over (article still 'in progress'):

biz.yahoo.com



To: Wally Mastroly who wrote (3932)3/16/1999 3:42:00 PM
From: Justa Werkenstiff  Read Replies (1) | Respond to of 15132
 
Wally: From the article: "Wall Street bears have become a scarce breed in recent years, their ranks thinning as the market roared past milestones many formerly viewed as unsupportable...."

Yes, we do need more bears. Anyone know how Yeltsin is doing these days <g>? His passing would at least cause a bear roll call. The guy is being held together by rubber bands and model airplane glue.


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