To: Don Green who wrote (6736 ) 8/29/1998 5:38:00 PM From: starpopper Read Replies (4) | Respond to of 93625
DOW 10,000 THIS year and 12,000 next year...bank on it! More importantly, the NASDAQ will top 5000 WITHIN the next 4 years!!! One thing all the naysayers are not factoring in to their bearish arguments of doom and gloom, is the effects of a deflationary period! Companies that earn the most US dollars are going to be assigned a higher premium! US companies get over 65% of their worldwide profits right here in the good ole US of A! Take a look at where all the scared money is going right now...the US Bond! How about when things settle down a little; do you really think Russian, Indonesian, Korean, Japanese, or Chinese tycoons, businesses, and other lucky individuals are going to want to immediately jump back into their OWN markets to seek higher returns than US bonds?! NOT! They will seek out the strongest most stable and dollar rich market in the world!!! This will be like adding nitrous oxide to the pistons of a Lamborgini Diablo...I do hope you're buckled up! This is, and will be "THE MOTHER OF ALL BUYING OPPORTUNITIES"! The Dow MAY go to 6500, but there are two layers of support at 7800 and 7400 that can turn us around! From there I see the possibility of the US markets turning in its BEST year in history...a whopping 40%+ year that may finally cap the longest and greatest bull market in history! The fundamentals have indeed changed and shifted. The world is on the verge of witnessing a global asset grab by US tycoons, venture funds, banks, investment houses, and enterprising young bucks like myself! COWBOY CAPITALISM is about to be taken to new heights! Look to see Americans and some Europeans buying up worldwide assets at pennies on the dollar! Time to get some of that Toyota & Sony money back from the 80's!:-) Real Estate in Tokyo and Hong Kong, tech companies all over Asia, oil fields and diamond mines in Russia, along with a HUGE portfolio of debts and the underlying assets acquired after reorganizing Asian banks; packaged and sold like mortgage backed securities, these debts should provide nice returns...especially considering that the culture condones suicide for failing financially! Witness what has been going on in Hawaii and California...Americans have been buying back all the assets we sold at inflated prices to the Japanese in the 80's! This trend is about to go global! I agree, we WILL have a serious break down eventually, but not while interest rates are this low and dropping, budget surplusses continue to grow, the poor are assimilated into the economy, and we still have a year 2000 problem (if you didn't get that, it means not until some time in the new millinium)! The biggest thing the world has going for it right now is the fact that we are at the beginning stages of the Technological revolution curve...YOU AIN'T SEEN NOTHING YET!!! $weet Dream$ $tarpopper