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Strategies & Market Trends : Gorilla and King Portfolio Candidates

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To: paul_philp who wrote (45660)8/21/2001 10:34:40 AM
From: areokat  Read Replies (1) of 54805
 
Thanks for your post Paul. As usual it was very informative.

A couple of comments:

Your Number 1. I think another factor in the beginning of the '82 bull market both in the market and the economy was that we had run the course in a decade long raging inflationary period that had the same "creative destruction of capital" results that came out of the Depression. A stealth depression if you will. This had freed up resources to be used by the emerging industries.

Your Number 9. Like you I think that we are facing another bubble in tech stocks on down the line, probably starting in a couple of years. This, in my opinion will be the results primarily, of AG latest round of easy money. The increase in the money supply is starting to be seen but its effect is pretty weak right now. There is a lot of slack in the economy so it wont be stimulated soon but after some passage of time it will really kick in. Hopefully we will all be going back and re-reading the posts of Mike and and his merry band of valuation hunters and start taking some money off the table.

Kat
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