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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: Stock Farmer who wrote (17623)3/30/2002 10:42:34 PM
From: LLCF  Read Replies (1) of 74559
 
<I expect double digit returns because I think corporate profits will come back strongly this year and in 2003 and I think that the baby boomers will be net buyers of stocks for six or seven more years, keeping P/Es high - irrationally high by historical standards.>

This is the greater fool theory. History repeats itself over and over and over.

DAK
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