[lbo-talk] Prediction...

Doug Henwood dhenwood at panix.com
Tue Jul 27 14:43:15 PDT 2004


joanna bujes wrote:


>OK. I predict that this Google offering will mark the beginning of
>the next leg of this secular Bear market.
>
>Why? No hard facts, it just has a nice dramatic/poetic symmetry. Is
>poetic justice in the economic lexicon?
>Probably not.

Justice, no, but as Wallace Stevens said, money is a kind of poetry.

The only problem with your scenario is that trends usually persist longer than anyone expects. So GOOG could be the beginning of an IPO neo-boomlet, and not the onset of a neo-bear.

Doug



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