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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club
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To: Justa Werkenstiff who wrote (14818)6/26/2000 11:23:00 AM
From: Hank Stamper  Read Replies (1) of 15132
 
Re soft landing and new highs:
"You need to get through the first two hoops (inflation and slower growth) to a soft landing and you will still face earnings problems and tough comparables in 2001."

I think the third factor reducing the possibility of soon seeing new highs is valuation. We are still in a huge bubble. The history of bubbles says it has to pop before we can expect new highs. New highs could take years, I think.

Ciao,
David Todtman
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