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To: Kid Rock who wrote (19624)4/1/1998 2:21:00 AM
From: greenspirit  Respond to of 108807
 
Hi Thomas, tough to call. It sure looks like the S&P is fully valued at this price, but with the demographics of baby boomers saving for retirement we may go higher still.

The economy looks strong, probably 3% growth this year. And I really don't see inflation picking up, so it looks like interest rates will creep down from here.

FWIW, I try not to predict the overral market and put most of my money in quality companies which are sure to prosper long term.

That's why I still like...MSFT, INTC, CSCO, JNJ, MRK, and PFE as my core holdings. Buying every month through a DRIP program has really made sense for me over the past 5 years. I still like to trade though with about 25%. No fancy charts, just blindly investing every-month and trading some tech stocks when they look particularly beaten down.

CREAF still looks cheap to me at this price.

Michael