Jonesing for the Dow

Dennis R Redmond dredmond at OREGON.UOREGON.EDU
Tue Aug 4 00:07:48 PDT 1998


How now for that Dow cash cow? Let's just say the Asian tsunami hit small stocks and is curling its way up that mightily overextended value-chain (do these bleary eyes detect Ursine Major in swimwear, cruising in on a surfboard for a kill?). Bubble, bubble, toil and trouble...

And if you're really, really into apocalyptic scenarios, check out Steven Roach's article "US: The Great American Bubble" over at http://www.ms.com/gef.html (Morgan Stanley's self-styled Global Economic Forum). Happy bubbling!

-- Dennis



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