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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Seeker of Truth who wrote (49086)4/27/2004 11:05:07 PM
From: AC Flyer  Read Replies (1) of 74559
 
>>Any ideas out there?<<

The answer to this question is right under your nose, yet remains unrecognized.

"Canada spends much less money per capita on research than does the US. This sort of thing has investment significance.....the US is still the world fountain of new technology"

The third leg of the greatest economic expansion and the greatest equity bull market in history is, as we speak, under way. This decade in the US will be a replay of the 1990s, except that the end-of-decade stock market excesses will likely be greater. If you understand this, the question of where to invest is easily answered. US growth stocks. Tech. stocks will lead, as they did in the 90s, with the Nasdaq likely breaking 10,000 this time around. There's a boatload of money to be made, but few will have the necessary brains and guts to make it. The picture will be much clearer towards the end of 2005, but by then a 100% move in the Dow and S&P and 150% in the Nasdaq (from the 2002 lows) will already be behind us.

If this seems ridiculous to you, it is because you are focusing on a limited data set, a data set that does not conflict with your preconceived bias and personal value judgments regarding debt and consumption. Supporting data for the bull case is now available in unlimited supply, but you will need to open your mind to see it.
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