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Strategies & Market Trends : The Stock Market Bubble

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To: TraderTerry who wrote (2826)	7/15/1999 1:33:00 PM
From: The Ox	Read Replies (1) of 3339

As I view the investment horizon currently, I'm very optimistic. I expect a continuation of a summer rally. I feel that we have the best of all worlds going for us right now: relatively subdued inflation, an economy that is very resilient and we're so far ahead of the rest of the world in terms of technology that there's no one in second place. So I'm really excited about what I see unfolding in the market over the near term and certainly over the long term. When Roger Ibbotson of Ibbotson Associates predicted back in 1975 that the Dow would reach 10,000 in 1999, many people scoffed. But he was right. He's now projecting Dow 120,000 within the next 25 years. I wouldn't bet against this projection. moneycentral.msn.com

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