Your saying the same thing that I saw Alan Sini say on TV the other night and this causes me concern. I can't think of a time in the last 20 years when Sini has called anything correctly. Let's not forget our pal Doug did call the last S&P bottom. Even though Doug was under considerable duress from some of the doom and gloom set.
Btw, what do you think of this Johnny Bull buffon Buford who wants to start WWIII? That would lead to some really hard money. Goldbugs galore! Maybe that's his game.
Your email pal,
Tom L.
Jordan Hayes wrote:
> From rad at gte.net Mon Apr 5 19:45:52 1999
>
> Besides, the last time I looked, scarcity was a "rational
> [economic] reason" for the price of a good to be high.
>
> California real estate is far more plentiful than stock.
>
> Anyway, thanks for bringing us back on (my) track. Supply and demand
> is what fuels this market: supply is falling while demand is rising.
> Until those change, I see no medium-term trend other than up.
>
> This started with Doug saying that I think "it's different this time"
> and while I'll grant that metaphors can get you in trouble when you're
> trying to make a clear point, I'll just stick to this: I don't see the
> US stock market as being a bubble, let alone one that's likely to burst
> anytime soon.
>
> /jordan