This guys make almost the same analysis Jordan Hayes makes of the Greenspan Bubble: it's simply a supply-demand imbalance. However, they say that the unbalance is about to turn the other way. Corporate insiders have helped themselves to so many shares and will be dumping them so fast, that buybacks, cash takeovers, foreigners trading goods for US paper and individuals putting stocks on their Visa will not be able to absorbe them plus the torrent of new IPOs coming up. What do you think, Jordan?
-- Enrique Diaz-Alvarez Office # (607) 255 5034 Electrical Engineering Home # (607) 272 4808 112 Phillips Hall Fax # (607) 255 4565 Cornell University mailto:enrique at ee.cornell.edu Ithaca, NY 14853 http://peta.ee.cornell.edu/~enrique