Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: John Pitera who wrote (34218)	4/16/1999 4:33:00 PM
From: accountclosed	Read Replies (1) \| Respond to of 86076

I wouldn't mind seeing your recap...I had a phone call in the middle and ran in and out of the room twice...I saw almost none of what the other guy in the debate said. Basically my review from what I saw would be this 1. It was a bull/bear debate 2. Sue started Bill off with a devil's advocate statement of like "Gee Bill, you've been bearish on this market for awhile and the Dow is making new highs...why are you still bearish?" 3. Bill said it was the quality of the market...the extreme valuations...volatility...the fact that stock splits got multi-digit increases in prices...the psychology of bullishness....momentum players 4. Later Bill Griffeth asked Bill what would be a catalyst to bring the market down 5. Bill said that a lot of what was creating the nirvana conditions was weakness around the world. That lack of demand around the world was keeping inflation at bay in this country and the perception around the world is that the overseas weakness was bottoming. 6. Griffeth pushed the point further, I think and 7. Meehan said the catalyst was likely to be rates...the same thing that led to the gains...that Greenspan had indicated or at least hinted that he might have to take away some of the three rate decreases from last fall. Someone else will have to fill in the blanks if I missed some...because that's all I have.