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Strategies & Market Trends : Waiting for the big Kahuna

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To: Berney who wrote (21056)	6/28/1998 12:30:00 PM
From: j g cordes	Read Replies (1) of 94695

Berney, US household stock ownership is currently at its highest since 1968.(Ableson, Barrons current issue. If you overlay ownership and stock market averages, performance was poor thereafter, though I wouldn't compare the causes then and now as being similar.. Vietnam spending and the Great Society played havoc with national debt... something we're still paying for with the dichotomy between Clintonism and the Repulican Revolution, whose only historical footnote might be that Monica didn't inhale. Last, I would caution that the logic many use of baby boomer savings underwriting a rising market is flawed by one simple fact. Markets are an arena of buyers and sellers, there is no value to any stock other than what someone is willing to pay for it. There is a correlation to cash inflows and most certainly the index funds have focused money to your BigBoyz (which is a great idea). Buyer beware! You can put all the money you want in a house, but if the market goes sour you'll only get the best bid. Jim

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