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Strategies & Market Trends : YEEHAW CANDIDATES

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To: Sergio H who wrote (1815)4/30/2003 11:23:45 PM
From: Ken W  Read Replies (1) of 23958
 
Sergio

I've made no comment on Ditch's chart as I don't agree that one can compare today's market to that of 30 years ago. There is entirely different dynamics to today's economy. Interest rates in the 70's and 80's were considerably higher than now. We have developed a global economy that was just a fledgling in that past time.

A long and unpopular war was just ending and soon after, Carter thru the country into in inflationary sprial bordering on total stupidity (remember certificates of deposit paying 24% in 1981?).

The investing public no longer looks at long term (10 to 20 years), but instead to the IPO pop, vested options, and the daytrade. I'm as guilty as the next guy, but that is how the game is played.

SOOOOOOOOOOOO, to me the 32 year comparison is a waste of time.

Ken
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