Re: Re: "Fear and insecurity" over the 1955 bullmarket

[Rob Schaap]

G'day Michael,

You ask:

>Would we feel foolish if the Dow would hit 15,000 this year?

I would, Michael (well, more so than I do already).  It'd have been foolish
of me to fail to appreciate how daft a way to reflect values and allocate
resources are equity markets - and foolish indeed that I'd not have seen
how foolishly capitalism can make capitalists behave.  I'm banking they're
not completely blinded, yet, to the awful threats to their cherished system
(and beloved selves) that abide in ignoring completely the central role of
'C' in getting from 'M' to more 'M'.

Cheers,
Rob.