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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: -- who wrote (8319)	10/28/1997 9:20:00 PM
From: TLindt	Respond to of 94695

For a short time, I thougt I could smell a bear....................... I've been in since before the Dow hit 1,000 on New Years Eve and held....before 100 Million shares a day.............and the only thing I can say is watch it. Really you have the largest percentage of the population in their highest earning years........what do you think they are gonna do with their money.......put it in a CD? I was born in 1956....the last of the 'boomers'....my Dad in his final move up... had a 3500 sq.ft home on 7 acres in 1967 for $30,000. That was 30 years ago and the Dow was 700ish. The 'Baby Boomers' blasted that price level thru consumption and demand...the place is worth what?.........you price it.........now tell me the Dow is overvalued? It's all based on supply and demand......with the boomers at peak earnings you aren't gonna see the Dow back off no more than you've seen Real Estate Plunge...........It ain't like the game the Japs played.....IMO it's supply and demand pure and simple......there is simply not enough places to park the money that these 'boomers' are making........without distorting markets beyond comprehension. Would you sell your house at 1967 prices....no.......It's in too great of demand...you'll get a premium price. So's the Dow and it won't change. How much money do 40 Million people make in a week that have no debts? And what are they gonna do with the extra cash?