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To: GROUND ZERO™ who wrote (868)1/12/2001 6:20:02 PM
From: Logain Ablar  Read Replies (1) | Respond to of 12411
 
GZ:

My problem if we move too high from here will again be valuation. Where will the money come from to fuel they type of growth to generate the revenue / earnings to support the multiple of a 6,000 NAZ?

I'm still thinking we are in a nice countertrend rally. I agree the internals indicate it will last for a while (but for how long, a few months at best?).



To: GROUND ZERO™ who wrote (868)1/12/2001 8:14:32 PM
From: Moominoid  Read Replies (1) | Respond to of 12411
 
GZ

On the longer view, I believe the period from 1974-1982 was the recession between two Kondratieff Cycles. The previous depression was in 1929-1936 or so. Though the Second World War was a distorting factor.... or maybe just part of the larger scheme of things. The cycle was about 40+ years long which is a little shorter than previous ones. Quite likely the pace is picking up. So I figure we are now in the equivalent of 1955 or so in the previous cycle. That's pretty bullish, even if this cycle is shorter.

David