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Non-Tech : Invest / LTD
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To: R. Gates who wrote (7766)3/13/1999 5:37:00 PM
From: The Ox  Read Replies (1) of 14427
 
I have read a few articles that compare today's march on 10,000 to the dow's initial attempt to cross 1000. After the initial target level was achieved, it took more then 10 years(14 if memory serves me) before the dow crossed over 1000 for the final time and never looked back. AG will have to do some very fancy juggling to keep the US markets going up with the lofty valuations we have currently. Gold has gone up about 3% lately. Oil prices have gone up nearly 40% in the last 3 months. These are very inflationary indicators.

On a local note, real estate prices here in Chicago have gone through the roof. It's a sellers market and prices in some areas are going up 5% a month. Town houses that were selling for $250K at the end of last year are now selling for $280K or more. There is a tremendous building boom going on here as well.

And prices keep going up, up, up.
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