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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: lurqer who wrote (15288)	12/3/2002 9:40:50 PM
From: dvdw©	Read Replies (2) \| Respond to of 19219

I see, your reference not withstanding. It seems trite to compare the market dynamics of today in a country with a population above 270 million people, an international demand currency, and nearly a hundred layers of industry that did not exist in 1900: 1929. The bear case isnt supportable by reviewing charts from 1929, in fact it's wholly ignorant to try. The supply of stock in US companies has shrunk over the last two years, the market has buried the dead and is attending to the dying. The bears who are themselves not running companies, seem to want to talk valuations into a range that makes them satisfied that they've won this battle by jawboning everyone to sleep. Supply and demand matter, whether it's goods (finished or commodity), services, or financial products. I doubt whether a single chart you've ever seen expresses the impact of a business producing nano particles or something else you've never heard of on a willing future. When electricity replaced candles & oil lamps did your charts show the causal relationship to the expansion in the sheer number of businesses who became viable as a result? Can a bear see a capital rotation in a new economy for what it is? That is what I'd like to know. Please no more jawboning, it's boring.