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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Louis V. Lambrecht who wrote (4142)	6/25/2001 12:12:24 PM
From: Raymond Duray	Read Replies (1) \| Respond to of 33421

Re: The Long Wave vs. The Singularity Hi Louis, Thanks for the fascinating article on Roger Cass. This quote in particular caught my eye: Economists, Cass says, aren't humanists -- which is why they are so often wrong. "Economics has become the science of mathematical modeling," he explains. "But economic behavior is better studied through human history." I've found that I spend way more time thinking about Mr. Market's moods than I do mathematical models. So this is right up my alley. :) Here's another futurist, Ray Kurzweil, who has a different take on what the next 20 years will lead us to. The Singularity is an evolutionary event that is unprecedented in human history. I believe both Cass and Kurzweil have valid points to make about the future. And importantly, both can see beyond the present malaise in the markets and see a glorious future. OTOH, I think the NAZ has some room on the downside before a July sucker rally occurs. <w> Kurzweil's Precis of The Singularity: kurzweilai.net [Note to DUN-access readers - It is about 40 pages, but they have a good server] Best Regards, Ray :)