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Strategies & Market Trends : The New Economy and its Winners -- Ignore unavailable to you. Want to Upgrade?

To: fedhead who wrote (12729)	7/16/2002 8:25:28 AM
From: stockman_scott	Respond to of 57684

The Bears Still Look Hungry thestreet.com

To: fedhead who wrote (12729)	7/16/2002 10:46:18 AM
From: Bill Harmond	Read Replies (1) \| Respond to of 57684

I think you nailed it. However, I can't see how there is any economic foundation for a secular bear, unless it would come from an unwinding of mindless index investing. The S&P index fund strategy made sense during a period of disinflation we had from 1982-2000 where declining interest rates and PE expansion lifted all boats. I think the foundation now is growth, and it started manifesting itself in the late 90's. It looks like we own the leaders now.