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

To: Enigma who wrote (1458)	4/5/1999 11:51:00 AM
From: Henry Volquardsen	Respond to of 3536

FWIW I wouldn't disagree with that. To much of the investing public is too comfortable. Ordinarily I would be bearish considering current valuations. There are two factors that keep me from being very bearish at the moment. One is the economic outlook. At the risk of repeating conventional wisdom, we are really in an extraordinary period. I see nothing that is going to give us a major inflationary problem in the next few years. Also the pace of technological change is continuing to alter the environment. The other factor is the demographic bulge of the baby boomers that has prompted a large part of the surge of money into the market. I'm not smart enough to no when either trend will run its course but I suspect not in the near term.