To: Rarebird who wrote (2059 ) 6/25/1999 3:52:00 PM From: Patsy Collins Read Replies (2) | Respond to of 6531
You're rather furtive and curt, referring to me (Mary Poppins {I'm blonde}, polyanna (can't help it, I'm 36 and never suffered a bear market..) in your message to another. You have more years of investing experience, since you're 10 years more senior, but below 1,000 on the Dow? Please! The US would have to be run into the ground. 10 times the troubles we experienced last Fall with another political scandal would have to simultaneously occur with the re-emergence of a deadly virus; say small-pox, before you or I see a sub 1,000 Dow again in our lifetimes. Then again, the index might be splitted 20 for 1. Yes, I am a polyanna and have been very bullish over the last 5 years. But calculated am I, not uinlike Abby Cohen, someone I admire very much! The economy has changed since the 70's, I remember those days, when my daddy bought 18% 6 month CDs, then got real smart and bought 30 year Treasurys at 15%. We're at 6% now, RB, the cold war is over, the Russians are our allies, only the Chinese are the communists, but their hard-nose leftist leaders are quickly aging to death. Yes, we have threats from the unknown and the unforeseen. But, the market don't care, and we can't priced that either. Our educational system is getting better, and more markets are opening up everyday, for our goods. As the economies of the world transact more via the internet, competition will keep inflation to a controllable servant. The barings, corruptions in Brazil, etc, etc will pop its ugly heads, but we need a GREAT confluence of events to sent the world back into the 70s. I don't and can't imagine that. Patsy