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Gold/Mining/Energy : Gold Price Monitor

GDXJ 106.70

-0.3%

Dec 5 4:00 PM EST

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To: Crimson Ghost who wrote (10039)	4/16/1998 6:23:00 PM
From: PaulM	Read Replies (2) of 116796

"We had enormous productivity increases in the 1920's also." Actually, productivity grew in 1996 and 1997 at about 1.8%. Otherwise, it grew at an anemic 1% during the balance of ths 17 year bull market/pc revolution. That compares with nearly 3% increases consistently throughout the 50's and 60's. economics.sbs.ohio-state.edu There is a very legitimate debate about whether computers have added to productivity at all. "No matter how good the fundamentals are markets way over discount them in mania's..." Took the words out of my mouth. And...no matter how bad the fundamentals get in the coming downturn, the market will manage to undervalue them....

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