On Nov 11, 2007, at 8:55 PM, Michael Perelman wrote:
I am not sure what you mean. Did nobody here recognize euphoria?
You yourself just said the other day that the Chinese billionaires were the beneficiaries of "inflated" stock values. In any case, I've been on PEN-L for more than 10 years. There was far less discussion of the bull markets of the late 1990s and of 2002-7 than the turmoil of the last few months. There's not much discussion of what the stock market means in general - unless it's going down and it allegedly presages crisis. Doug
