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To: gao seng who wrote (40058)	9/5/1999 11:46:00 PM
From: Rarebird	Respond to of 116791

Bay Street Beat: 1987 all over again? Lofty oil prices, a weak U.S. dollar and rich stock market valuations have some Canadian economists drawing parallels between 1999's euphoria and the giddiness that led to the Black Monday stock market crash in 1987. Douglas Porter and Robert Spector, both economists with brokerage Nesbitt Burns, have put together a report called "Echoes of 1987". In it, they discuss how the rebound in global growth, rising bond yields, a recovery in oil prices, the surge in the U.S. trade gap, the slide in the U.S. dollar and the high equity valuations of this year could all be found in the run-up to the painful reversal in October 12 years ago.... marketwatch.newsalert.com