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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: shadowman who wrote (18743)	1/15/2000 10:35:00 AM
From: Rande Is	Read Replies (1) \| Respond to of 57584

. . . . . . . . . . . On the Future of the Bull-Market. . . . . . . Good article. . .thanks Dennis. . . a few comments concerning this bull-market that started quite a number of years ago, and with smaller periodic bears and corrections, has continued to increase in strength, while attracting more investors and traders. Back at the turn of the century, the markets were played much as they are played now. . .and especially in the 20's. . .loads of investors. . .and too many gamblers as well. . . .fine. . . But look at the expansion that happened during that period. The industrial revolution was in its prime. . . factories were being built at breakneck speed. We started putting lights into homes. . . plumbing into homes. . . building skyscrapers. . . automobiles. . . building houses like no time in history. . . .and the most impressive development, which always tends to be overlooked when making such comparisons. . . .we built ourselves modern cities! In the 1800's cities were just places where traders congregated. . . most activity being down by the docks or at the train stations. But the industrial revolution changed all that. Suddenly large cities were being built across America. Office buildings, factories, department stores, universities, museums, theatres. . .were being built coast-to-coast simultaneously. . .changing the face of America forever. Likewise, the assembly line of 1914 changed manufacturing forever. And these times are much like those times. The markets were in an upheaval then because industry was in one. And today, our markets are seeing similar record breaking activity because our industries are undergoing a revolution in information, technology and communication. . . like never before in history. Simple survey. . . ask yourselves. . . .How much more are you accessing the internet or relying on its services than you were 1 year ago? 2 years ago? How about your kids? Your siblings? Your neighbors? The company that employs you? Have the changes been for the better or for the worse? Do you intend to continue using the net at home and at the office. . .or can you cut your cable right now and stay completely off the net? There is REASON for all this madness in the markets. And it is my feeling such reason will continue for many years to come. . . therefore the markets SHOULD lead the way. We should continue to make more highs as productivity drives earnings. . .and those that gamble are merely the fallout of the running bull. We are not about to go back to COBOL now. Nor are we going to construct any more iron curtains or great walls. There is no going back. Productivity will continue its rapid improvement globally and earnings WILL follow. So the markets lead . . and rightfully so. . . This bull market is not a phenomenon. It is not with just cause. But rather, it is necessary to reflect the dramatic information, technology and communication revolution that is sweeping the globe. And I believe this bull market will continue, with an appropriate portion of corrections, for years to come. Rande Is