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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Michael Bakunin who wrote (62399)	6/15/1999 12:25:00 PM
From: BGR	Respond to of 132070

mb, Indeed, I had developed economies in mind - so there is a success bias. However, that precisely is the point. The market index doesn't exist in a vacuum, it reflects the economy behind it. If the economy does well, so does the index. So, personally I focus my attention on the economy and not on the index. Now, what makes the economy tick is a different issue altogether. One thing is clear IMO, whatever it is, it is rarely the level of the market index on average over the long term. -BGR.