James, that's perfect,same response I received in 1980,when I said the market might go to 3,000-4,000 by 1990. Well the market was at 800 and change,heading towards 1000,now we are at least 10 times that price! The market will go to 5,000 and sit there for 20 years,come see me in 2020. Just a wild prediction,but with markets no prediction is any good unless it is the most outrageous,unimaginable of possible outcomes. Hey if I told you YHOO would be trading at 120 a year ago,you would have locked me up. Revisit Japan 1986-1989,revisit the comments then about the market in a new era of valuations. How the old rules must be tossed out. Well it took 3 years for that market to top out,and I sold out in 1986. The last bull run,is always the wildest,hairiest,and most extreme.
Hiram |
