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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Moominoid who wrote (19088)	5/18/2002 8:46:58 PM
From: Maurice Winn	Read Replies (1) \| Respond to of 74559

<I didn't realise it had been such a long term forecast. Sorry. I'm expecting Dow 36000 by 2010. > It's like greenhouse gases. Uncle Al goes on printing and productivity goes on improving and the economy goes on growing and globalisation brings more people in and the US$ goes on increasing its reach. That happens over years and decades and centuries. The constant pressure in that direction causes the Dow to rise. There is no upper limit. So, years ago, I looked at the long term graphs and irrespective of judder bars and wars, which make little difference overall, the trend is clear and the gradient obvious. So, while the Dow might bump down to 10,000 as it has due to the telecosmic implosion below the event horizon, once the market has cleared the biggies such as Japan, Russia, the Telecosmic margin debts and speculation, we'll revert to the same old thing. The graph seems to go right through 16,000 Feb 2002. But people can always make things really bad, so there is no double your money back guarantee on that. Are you seriously expecting 36,000 by 2010? That's only a double and a bit from 16,000, in 8 years, so I suppose it's possible. Hmmmmm... I suspect some economic dislocation will intercede. As has already happened and we are actually only at 10,000. Mqurice