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

To: Magnatizer who wrote (48934)	5/2/2000 11:51:00 AM
From: pater tenebrarum	Read Replies (2) \| Respond to of 99985

Mag, is that Harvey Dent? a little reminder is in order...when the Nikkei hit its all time high in late '89, the MAIN argument for why the bull run would continue was Japanese demographics...this is not to say that the demographic argument will turn out to have been wrong in the US as well, but it IS kind of a variation on the greater fool theme (prices will go higher because there's a long line of buyers that will be willing to pay ever more ridiculous prices for stocks). regards, hb