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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host
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To: wooden ships who wrote (785)7/7/1997 10:01:00 PM
From: Investor2   of 42834
 
RE: "This effusive, complacent, and almost omnipresent bullishness, along with the trend of slow capitulation to the "new era" thinkers, is making me, for one, more than a little apprehensive."

It makes me a little nervous, as well. However, maybe Harry Dent is correct in his book "The Great Boom Ahead" (I'm reading the book now). His theory is that the baby boomers will reach their peak economic stimulus sometime after the year 2000 and the economy will experience a boom until 2006 or later.

Interestingly enough, Mr. Dent projected (in late 1992) that the DJIA would reach 8500 sometime between the years 2006 and 2010. He's only about nine years off --- unless we have poor market performance between now and then. His rationale for the 1987 through 1990 market action is that the stock market got ahead of the underlying spending wave, and it took three years for the economy to catch up. Is he using the same rationale for the current market action?

Best wishes,

I2

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