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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Jerome who wrote (48972)	7/10/2001 12:19:16 AM
From: Gottfried	Respond to of 70976

Jerome, re >I prefer the market as is, because it presents great short term trading patterns.< You must rise beyond that for the good of all of us. :) and >expectations are very rosy. All I ask is DOW 11k and Naz 2653 by YE'01. G.

To: Jerome who wrote (48972)	7/10/2001 7:06:46 AM
From: daryll40	Read Replies (3) \| Respond to of 70976

I am a student of economic history and from 1966-1982 the Dow went from about 1000 to about 1000! With the great inflation of the '70 in between, the value of your investment declined about 85%...more than the 1929-1932 debacle. People forget this. On the other hand, babyboomers will be approaching retirement for the next 20 years and cannot depend on Social Security or bond investments. While the stock market might not be ga-ga like the 1990's, it could, indeed, still rise nicely over time as babyboomers continue to save. My mother is a good example. She has some "mad money" in CDs paying 7% that are maturing. When she saw the new rates available (about 4%), she was in shock. SHe won't go out tomorrow and invest in AMAT (sorry), but she might, indeed, invest in a growth and income fund that has some. You get my point. Daryll40