Forum Archive Index - February 2000

[Richard Scott <didly@ihug.co.nz>]

>james chamley wrote:
>>
>> Roy wrote:
>> >
>> > I can't help but feel that the marketplace today reminds me of 1986-7.
>> >
>> > 1. Seems lots of people are "getting into" the market for easy money.
>> >
>> > 2. Spectacular gains being touted by some (ie xxx% in last 12 months)
>> >
>> > 3. Sunday papers starting better sharemarket coverage (ie the
>> > players).
>> >
>> > 4. Some of the PE's are "unreal"
>> >
>> > 5. Comments like "the modern sharemarket can't crash"
>> >
>> > 6. Increasing levels of consumer/company debt for share investing.
>> >
>> > 7. The futures market is looking like a "tame game"
>> >
>> > 8. Rapidly increasing numbers of "pundits" saying thinks like XYZ
>> > share
>> > will go to $1.50 (current price 50 cents).
>> >
>> > 9. Governments starting to crank up interest rates to "cool down" the
>> > economy.
>> >
>> > 10. Tipsters buying more newspaper/magazine advertising space.
>> >
>> > Just a thort. I have been an investor since 1969 and do not want to
>> > "get
>> > burn't again, like I did in 1987!


Sorry. Just a "thort". Sounds very painful!

Richard


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