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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Haim R. Branisteanu who wrote (40810)2/20/2000 11:03:00 AM
From: Benkea  Respond to of 99985
 
from Bearon's this weekend:

"...results of a recent Gallup poll: The citizen-investors surveyed opined unequivocally that over the next decade, the stock market would return a gain of 19% a year...if stocks return 19% a year for the next 10 years, then in 2010, the total U.S. market capitalization will handily top $92 trillion. Let's suppose...during this span, GDP grows at 8% a year - wildly above even the most optimistic forecasts. By 2010, it will be $18.9 trillion. Then years hence, then, the value of the stock market will be 486% of GDP...The conclusion is obvious: In 2010, the business of America...will be stock trading."



To: Haim R. Branisteanu who wrote (40810)2/20/2000 11:10:00 AM
From: Rarebird  Read Replies (2) | Respond to of 99985
 
If this is a correction in a Bull Market and not the beginning of a Bear Market, then the Dow should find support at the 9500-9600 level before it resumes its uptrend. I'm looking at the October 98 low of 7400 and the most recent high of 11,732.