| Some nervousness will remain. No one repealed the business cycle, so a recession is always possible as a matter of course, and there is still the anticipated shake-out of e-companies to worry about. However, I think that the anticipation of tax relief, further deregulation, more aggressive trade liberalization, and the like, should overcome the current ambivalence, and fuel the bull market. We have been see-sawing for quite awhile now, which is evidence of jitters, and overreaction to pieces of news, like rate hikes, which have been fairly mild and gradual. The fundamentals appear strong, and there is reason to believe that the full effects of the digital workplace have yet to be felt.......... |
