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Strategies & Market Trends : Waiting for the big Kahuna
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To: lizard lick who wrote (23043)8/2/1998 3:26:00 PM
From: Investor-ex!  Read Replies (1) of 94695
 
lizzy,

Of course, DOW 20,000 is possible but likely very improbable. This from a recent Barron's:

THERE'S NO CONNECTION BETWEEN STOCK PRICES AND CORPORATE PROFITS, CONTINUED--According to Barron's of July 6, 1998, total U.S. stock market capitalization is 150% of U.S. gross domestic product. [The previous post-1720 record is 135% equity to GDP for the Nikkei on December 31, 1989.] Of all the money currently invested in U.S. equities, 90.4% was invested during the past seven years.
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