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Strategies & Market Trends : The Art of Investing -- Ignore unavailable to you. Want to Upgrade?

To: Stuart C Hall who wrote (373)	2/5/1999 1:50:00 PM
From: Michael Sphar	Read Replies (1) \| Respond to of 10551

PERSPECTIVE: In 1960 you could probably buy a cheap car for about $1800 (VW bug) The DOW was struggling to make 1000 after a 20 year recovery period from the dislocations of the Depression and war years. Today after an incredible 18 year bull run counting from Aug 1982, the DOW is encroaching on 10,000 and a cheap car costs about $10K. In 2010, a "cheap" car will likely cost about $30K and the DOW will be struggling up towards that number, unless the baby boomers who are now heavily invested in the market start shifting their assets into more stodgy fixed income/dividend producing investments. If we get a multi-year bear sometime in the next decade the DOW could well be significantly lower. However the bluer chip dividend producing DOW style stocks might survive that sort of shift quite well. The tea leaves are a bit fuzzy that far out.