Re: Tech stocks set records: signs of acceleration?

From: Eliezer S. Yudkowsky (sentience@pobox.com)
Date: Thu Dec 30 1999 - 08:25:28 MST

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John Clark wrote:
>
> Eliezer S. Yudkowsky <sentience@pobox.com> Wrote:
>
> > Speaking personally, I've been expecting a stock market crash any day
> > now since 1994. I still do.
>
> Why?

Because I don't care what Greenspan says: This year's 80% rise in the
Nasdaq index was not caused by an 80% improvement in productivity.
Stocks are ludicrously overvalued and everyone knows it.

-- 
               sentience@pobox.com      Eliezer S. Yudkowsky
                  http://pobox.com/~sentience/beyond.html
Typing in Dvorak         Programming with Patterns  Writing in gender-neutral
Voting for Libertarians  Heading for Singularity    There Is A Better Way

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