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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: gbh who wrote (46552)	2/11/1999 11:25:00 AM
From: Mike M2	Read Replies (2) \| Respond to of 132070

Gary, I basicly see this market as the 1920's redux but on a worse scale and I do expect to see the dow back in the 3000 range. There are many parallels to the 20's - I will post a list of them later. Mike

To: gbh who wrote (46552)	2/11/1999 11:52:00 AM
From: Thomas M.	Read Replies (1) \| Respond to of 132070

...This is not Japan or 1929... Give us one good reason why not. Tom

To: gbh who wrote (46552)	2/11/1999 1:12:00 PM
From: Bonnie Bear	Read Replies (1) \| Respond to of 132070

low inflation? Then why have house prices been going up "faster than inflation" for several years now? Why have health care premiums gone up 10%? How is it that the sizes in the fed CPI "market basket" have gone down? Here is you magic formula. Dow*1000 = national debt. The real debt is closer to 8500 than 5700 as advertised. The Dow is a proxy for the amount of tax revenue the feds need to pay the deficit every year. Now, where you do see the dow going, 3000 or 30,000? Yup. Is your salary going up? nope. Are your taxes going up? yup.