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Strategies & Market Trends : Currencies and the Global Capital Markets -- Ignore unavailable to you. Want to Upgrade?

To: Henry Volquardsen who wrote (1397)	3/15/1999 6:59:00 PM
From: Enigma	Respond to of 3536

Henry - I'm not so sure that people will stand for inertia for long, and being above 10,000 may seem like being without visible means of support. BWDIK, or anyone else for that matter - it's a question of how the view from here will look and feel once we get through the magic number. I can't remember how the view felt in 1968 either, was barely in the market then. d

To: Henry Volquardsen who wrote (1397)	3/15/1999 7:22:00 PM
From: Frodo Baxter	Read Replies (1) \| Respond to of 3536

I dunno. Lots of smart people have thought long and hard about demographic changes and the market but haven't come up with much useful stuff. After all, insomuch as boomer money is coming in but will exit later, that could easily be already discounted. When a company gets added to the S&P500, there's substantial buying pressure overhang. But what invariably happens is the stock gaps up, and there's no drama attached as the indexers slowly maneuver into their positions. After all, if the long bond were to hit say 6 or 6.5%, you betcha there's gonna be a market crash, boomer money or no. p.s. regarding that Martin Armstrong guy, it's amazing how never ceases to tell us he and his models are ALWAYS RIGHT. Odd.