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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host
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To: BHaulman who wrote (341)4/21/1997 2:38:00 PM
From: wooden ships   of 42834
 
B: When Sir John Templeton speaks, it may behoove us to listen.
Back in the mid 1970's with the DJIA at levels that today appear
absurd (ca. 500-525), Sir John was a near lone voice in the
wilderness. He noted that, adjusted for inflation, the DJIA was
trading at levels not seen since 1946. There were howls of scorn
and disbelief at that time when Sir John categorically stated
and steadfastly maintained that the DJIA would move to levels
between 2500 and 5000 in the not distant future.
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