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Non-Tech : Invest / LTD

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To: bw who wrote (2)	5/2/1998 7:11:00 PM
From: Teddy	of 14427

well i don't agree with the long bear market theory and neither does my Dad the Bean Counter. His big picture projects the market to continue upwards (with regular corrections along the way) for about ten more years. This is mostly based on the Baby Boomers continuing to regularly add to their IRAs and other retirement plans. Forget about historical PEs, stock prices move do to supply and demand: there is more money flowing into the market than going out, so stocks will continue to go up. (Of course there will always do some stocks that go down.) We see no signs of inflation and do not see why interest rates should rise more than .25% this year. Buy the dips! Gold? It's just a commodity now. My personal opinion is that most gold mining stocks are not worth the paper that they are printed on. BTW, nice idea starting this thread: The Secret Society of Investors LTD

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