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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?

To: crdesign who wrote (1755)	7/10/2002 5:01:11 PM
From: Jim Willie CB	Read Replies (2) \| Respond to of 89467

Swami, I read Oct98 S&P level was 922, now at 920.5 this looks like a breakdown smells like a breakdown drags its ass like a breakdown moans like a breakdown it might just be a breakdown funny, still reading many pundits claiming a "unassailable link" between economic recovery, restoration of earnings, and a stock market advance amazing what poor students of history they are e.g. from roughly 1970 to 1980 the economy grew faster than it did from 1990 to 2000 yet stocks grew not at all in the 1970's and grew 400% in the 1990's the missing elements to these so-called experts are: - high stock valuations - lower current interest rates (expectations to go higher) - low inflation rates (expectation by me to go higher) - confidence in corporate leaders - absence of new suckers to begin monthly 401k infusions very poor students of history always always poor students of economics gold indexes look like they are becoming quickly repaired the breakdowns evident last week have been fixed could be new consolidated staging ground for the golds / jim