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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk
SOXL 40.44-1.8%4:00 PM EST

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To: Rarebird who wrote (22444)3/1/2006 11:54:01 AM
From: Allan Harris  Read Replies (2) of 207320
 
According to Don Hays, there is $6 Trillion in money market accounts waiting to flow into the equity markets:

"We believe this period, on the long-term from 1997 to today, has
been a massive time of metamorphosis, much like the ugly caterpillar
emerging from the cocoon as a beautiful butterfly. Productivity has
exploded, long-term interest rates have plunged, likewise and in a
natural progression, price-earnings ratio adjusted, home prices
adjusted, commodity prices adjusted, currency levels adjusted. This
has brought many cries and warnings of “bubbles,” but those cries
are now becoming weaker as time has cauterized the new trends into
accepted facts. We expect soon that the time of adjustment will
end, and a new growth phase will emerge based on healthy long-term
planning and global investments."

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