Re: [Fleckenstein] The Story of Bubblenomics

From: CurtAdams@aol.com
Date: Mon Dec 20 1999 - 01:39:46 MST


In a message dated 12/19/99 19:41:08, Eugene wrote:

(snip some amazing bubble factoids)

>These are truly unique times. And this kind of stock appreciation
>cannot go on forever. But I wouldn't be so foolish as to think I could
>call a top on it or an end to it. Since EVERYONE from the media to the
>financial institutions to the government to the vulture capitalists to
>the small fry investors has a vested interest in keeping it going as
>long as possible, for all I know it's going to keep going for another
>3-5 years.

A friend of mine mentioned that even with all the insanity, we still
have only half the "bubble" of Japan at its peak (stocks are worse
than average but real estate is better). So yes, a peak isn't
necessarily imminent.



This archive was generated by hypermail 2.1.5 : Fri Nov 01 2002 - 15:06:08 MST