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At 11:17 AM 4/7/98 -0400, TheGonch at MediaKat wrote:
>Lawrence Lewis wrote:
>>
>> This thread is quite refreshing. For whatever psychological reason, all I
>> can remember seeing in the past 3 years are forecasts of doom and gloom.
>> Finally, some forecasts of a bull market. Is there some reason that more
>> knowledgeable people have a bearish tendency? Maybe too much knowledge is
>> a bad thing. I know that the more I seem to find out about the markets,
>> the more I think they should be lower. It's a hard tendency to fight.
>> When I trade, I have to put what I "think" in the background. Really
>> annoying (and tough).
>>
>> More to the point, I don't see why people won't just continue this
>> selective market and bid up the blue chips more. Blue chips are perceived
>> as less risky. Why take a chance, now that the "experts" say that P/E
>> doesn't matter. My 401K's small cap value fund is not up nearly as much
>> as the SP.
>>
>> I think this market is baby boomer driven (I'm one). It reminds me of the
>> California real estate market in 1970-1979. I couldn't believe it - they
>> wanted $50,000 for a two bedroom condo on the water in Malibu - who would
>> ever pay that much? I think we'll see the market go higher than anyone
>> can imagine right now - just like Japan or Hong Kong did. Just be
>> prepared to get out of the way.
>>
>> Larry Lewis
>>
>I think the rational argument for the bear case is always easier to make
>than the argument for the bull continuing, even when it is wrong...
>
TheGonch:
Please do try to make the case... we are all ears.
PeteNa
petena9090@xxxxxxxxxxxxxx
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