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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Hawkmoon who wrote (43232)	10/18/1999 7:03:00 AM
From: Mark Bartlett	Read Replies (1) \| Respond to of 116764

Ron, << Americans have grown sophisticated and time indifferent enough that instead of putting their long-term retirement cash in bonds they are saving it for the long-term through investment in equities.>> Time will tell if this is sophistication, or being brainwashed by the financial industry. I would argue that putting money into 25-50 stocks that support the entire market, while the rest of it is clearly in a bear, may not be sophistication at all. In fact it may be blind faith. <<However, as to cheap imported goods, Japan has been doing this for decades with regard to commodities and making finished goods to export here.>> I would argue that it is technology (the same technology that is in the US) that has allowed them to do this. BTW - look where Japan has been the last 10 years. <<We are in a spending cycle, yet at the same time Americans have enough free cash flow that they are in a saving/investment cycle.>> This is globally dependent. Unless other global economies can participate in this process, I can not see it lasting until DOW 20-30K. MB