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

To: William H Huebl who wrote (34090)	11/21/1998 11:00:00 AM
From: Haim R. Branisteanu	Read Replies (2) \| Respond to of 94695

Bill, 15% a year is a very high return. from a pure economic point of view is should be more around 8% to 10% compounded, or 50% higher than relative safe investments such as treasuries, which yield now around 5%. Based on those assumption to return to "mean" we may need to revisit DJIA of 5000 to 6000, which I do not believe. The more likely scenario is a downdraft and lots of sideways. Remember Tokyo 1989 with NIKKEY 38,000??? BWDIK Haim