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Re: Ace Hanlon post# 119469

Sunday, 06/15/2003 2:49:01 AM

Sunday, June 15, 2003 2:49:01 AM

Post# of 704049
I know that GC, what i do not know; when was the equity markets wildly bullish and the Bond market also--that is at the SAME time.
On a P/E level we are in genuinely, beyond conprehension overvaluation, regardless of interest rates(as one fellow said if you went by that model, equities could go to infinity; low interest rates can not justify a wildly overvalued equity market, it is ONLY a hollow excuse,imo)
So simultaneously with this we have bonds dangerously high(that is in terms of buying them now).
I say time i look away from the U.S. entirely, if wanting to decide to just give up this wait, may look to Royal Bank of Scotland preferred or Abbey preferred again---i used them to hole up my money for over a year once.
From early 2000 to summer 2001 i had near all in 10-year treasuries and the above noted preferred---should have just left it there:) Godfrey/max


He played his video game night and day.
The MAZE of Death.
But that is the game we all are in, the trick, don't believe it.Get above it all and imagine nothing is what it seems.Kill the machine.otraque

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