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Strategies & Market Trends : Asia Forum

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To: MikeM54321 who wrote (8004)2/14/1999 12:08:00 PM
From: Zeev Hed  Read Replies (1) of 9980
 
Mike I still hold to my position that long term (5 to 7 years) we will be stuck in a broad trading range between 5000 to 10,000 on the Dow. Earnings are going to "catch up" with the lofty prices, and actually, stocks may be quite cheap at some points. Similar to the period from the high of around 1000 in 1966 to the low in the 500' just before this major multi year secular bull started in August 1982. Currently, my concern is that the long bond has breached a downtrend line in place for a number of years, if this breach is not corrected fast, I'll have to revise the premise of lower interest rates in the future with short term negative impacts on the market.

Zeev
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