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

To: Fred B. who wrote (59907)5/19/1999 10:53:00 PM
From: Broken_Clock  Read Replies (1) | Respond to of 132070
 
Fred,
you are the epitomy of the "modern" American consumer. When the debt bubble bursts you will no doubt join the mob in looking for "someone" to blame. Let me guess, you voted for Clinton and have a life-size poster of Alan greenspan in your living room. -ng-



To: Fred B. who wrote (59907)5/20/1999 10:10:00 AM
From: Freedom Fighter  Respond to of 132070
 
Fred,

>>But nobody can change the most fundamental principal that this
market was founded on. i.e. the law of supply and demand. <<

Doesn't price and value come into the picture? When price and value get way out of sync you can count on Wall St. to increase the supply. (internet IPOs, Goldman IPO) There are also some baby-boomers that are smart enough to sell overpriced businesses. And a lot of them are located on this thread. <g>

Wayne



To: Fred B. who wrote (59907)5/20/1999 11:57:00 AM
From: Knighty Tin  Respond to of 132070
 
Fred, What you ignore is that the same exact argument about demographics was used as an alibi for Japan's overvalued market. It was true there, too. Until it wasn't. <g> We are about to hit our wasn't soon in this country.

The technology and productivity argument has been debunked so many times it isn't worth going into again. I suggest a trial subscription to "The Richebacher Letter," where he often points out the fallacies of the productivity scam.


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