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To: johnsto1 who wrote (7529)11/20/2000 6:04:36 AM
From: Rich1  Respond to of 10876
 
Thanks for putting article on line..



To: johnsto1 who wrote (7529)11/20/2000 9:21:41 AM
From: Poet  Respond to of 10876
 
johnsto,

What a good article on Harry Dent. Thanks for posting it. I was particularly moved by the following:

"Dent argues that America's 90 million Baby Boomers -- a group he defines as people who were born in, or
emigrated to, this country from 1937 through 1961 -- continue to call the tune for the economy and the stock
market. It is their spending patterns and interest in the stock market that are pushing price/earnings ratios to lofty
levels, he says. And "with more Baby Boomers now reaching their prime earning and investing years, there is the
potential for the forces of supply and demand to increase the price-to-earnings ratio.

"A lot of sectors have the potential of much higher growth than the market and deserve higher P/Es," Dent asserts.
"The value of the current correction is to help us more clearly distinguish between those companies that deserve
the higher valuations and those that don't."


Today looks like we'll really flush, perhaps tomorrow morning as well. Protect yourselves, please.