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Strategies & Market Trends : Gorilla and King Portfolio Candidates

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To: paul_philp who wrote (46406)9/10/2001 2:34:00 PM
From: RobertHChaney  Read Replies (1) of 54805
 
Great additions to the list Paul.

You stimulated me to think further about the subject, and I might add the following:

1) America appears to be far more competitively globally than during 70s/early 80's, when our underlying weaknesses that had been somewhat shielded for years, were exposed to increasingly efficient foreign competition; and

2) Unions were a more powerful force pre-Reagan.

I continue to try not to underestimate the fact that a truly massive, speculative bubble has recently burst, and that the subsequent results of that type of occurrence have historically been very bad. However, like yourself, I feel that many of the major underlying fundamentals of this economy are superior to those present in similar "bubble burstings" in the past, and so, may provide some moderation. IMHO, things just look fundamentally more sound today than the U.S. did in the early 20's and early 70's, and Japan in early 90's. But, you never know for sure because anything can happen once the "snowball starts rollin down the hill".

Robert
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