Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: Chuzzlewit who wrote (20101)	4/23/1998 1:19:00 AM
From: mph	of 95453

<< Perhaps the major driver is all of the new money pouring into the funds. These contributions need to be invested somewhere>> By George, he's got it! IMHO, that's what's largely driving the market. There's a good ten more years before the baby boomers are into Leisure World and they will continue to invest in the market. I sincerely doubt that gold will be the ticket. Gold ain't no Viagra (i.e., ain't sexy enough). There will, of course, be corrections---but a long term bear. I doubt it. OTOH, there sure is some irrational exuberance in some areas (KTEL, 'net stocks, etc.) Some say that's one sign of a market top. I'll go out on a ledge: We'll see Dow 10,000 before we see Dow 7500ish. (NB: I do not like to eat my words) mph

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