Here are the two Stock Market Mania's side by side:

A Comparison of the Nikkie and Nasdaq Indexes

Ray

-- Ray (ray@totacc.com), February 12, 2000

Answers

Very dramatic but proves nothing. Similar dramatic graphics could have been generated in 1996. Sure, the bubble will burst. SOMEDAY. The impossible trick is to say when. Are you shorting the present market?

-- (nemesis@awol.com), February 12, 2000.

Nemesis,

Are you long this market?

-- J (Y2J@home.comm), February 12, 2000.

-- (nemesis@awol.com), the graph does prove that the current Nasdaq Index of stocks today IS far more extended than the Nikkei was in 1990. Now you may believe this fairy tale will go on for many more years but I do not. Many unsuspecting folks unfortunately will be on the wrong side of this Mania and will suffer terribly.

No, I am not short this market, but I am long physical gold.

Ray

-- Ray (ray@totacc.com), February 12, 2000.

Many people have no extra money so where to put it is not a concern. Thankfully, I have some to "invest". Now that y2k has not obviated digital money, I choose not to take physical possession of gold or other hard valuables. (TP and other preps left over from 1999 are an exception). I keep the money that I think I can afford to lose in the stock market, usually in the most aggressive, far out stocks. Sometimes these hit, sometimes the tank; always they are exciting. About 70% of my meager funds I keep in T Bills.

-- (nemesis@awol.com), February 12, 2000.

Nemesis,

I think that you are smarter than the average investor. I wonder how many investors in the nasdaq market have 70% in t-bills? I would hazard a guess that most nasdaq investors have closer to 0% in t-bills.

-- J (Y2J@home.comm), February 12, 2000.