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

To: zsteve who wrote (52425)	3/18/1999 1:36:00 AM
From: Peter Singleton	Read Replies (1) \| Respond to of 132070

zsteve, when I read that WSJ article today, I couldn't shake the feeling this was a brilliant parody - almost too much so - of the latter stages of this or any other asset bubble, but I think these guys are serious. yikes! just another thought along those lines. This is an almost perfect statement of the economic logic that underlies the conventional wisdom on expected stock price performance going forward. phew! get me outta dis place! <ng> Peter

To: zsteve who wrote (52425)	3/18/1999 7:26:00 AM
From: Oblomov	Read Replies (1) \| Respond to of 132070

Dow 36,000. Yes, that sounds like the title of a serious academic work. -g-

To: zsteve who wrote (52425)	3/18/1999 8:55:00 AM
From: Alias Shrugged	Read Replies (1) \| Respond to of 132070

ZSTEVE - Thanks much for the URL. I regretted not cutting out that piece for framing (ala Irving Fisher's quote in '28 or '29 about stock prices having reached a permanent plateau). Now, I can add it to my Bubble Scrapbook! Mike

To: zsteve who wrote (52425)	3/18/1999 10:33:00 AM
From: Knighty Tin	Respond to of 132070

Zsteve, One of my old profs is responsible for the shabby research behind this story? Typical. <g> Actually, I don't remember him, so maybe he came to Wharton after I departed. MB