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Very fundamentally speaking the demographic bubble is pushing this market
up (as they pushed up real estate prices before and prices of everthing).
When they (bubble generation) will run out of money (and they will) market
will start multi year consolidation (as it did before).
Fundamentalist Alex.
At 08:54 AM 11/12/99 -0500, Bill Bancroft wrote:
>The way I see it, justification (always tough to justify anything in the
>markets) for higher stock prices comes from one of two things:
>
>1. Higher Earnings
>2. Valuation Expansion (how much the market is willing to pay for 1 cent of
>earnings)
>
>
>Would love to hear someone else's take on the current fundamentals in the
>stock market...
>
>
>Paula Petersen wrote:
>
>> Today on CNBC they spoke with a gentleman from Internap and discussed
>> that their revenue was 17 million(I believe this is correct) versus
>> their stock valuation of 1 billion dollars.The commentator asked the
>> CEO what could be the justification for these overvaluations versus real
>> revenue and the talk of" future "profits began. The CEO had no answer
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