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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: StockOperator who wrote (11924)	4/23/1999 7:10:00 PM
From: epicure	Read Replies (2) \| Respond to of 99985

I am curious about that- where does the money come from to sustain that kind of growth? Do we print it? How many times GNP do they expect the stock market to be? It can't be permanently divorced from real value, someday (who knows when) stocks will be tied to actual nuts and bolts earnings value again- unless you expect earnings to grow at a rate that would sustain <giggle) DJ 60k.

To: StockOperator who wrote (11924)	4/23/1999 7:17:00 PM
From: Don S.Boller	Read Replies (1) \| Respond to of 99985

"DOW 60,000 SOMETIME IN THE FUTURE" .....................No doubt, but as John Meynard Keynes said, "In the future we are all dead". Don't mean to be disrespectful of your or others' views...but I have heard this sort of talk before (spose the "Nifty Fifty" was before YOUR time...but not mine). One last thought for the weekend - THOSE WHO WILL NOT LEARN FROM THE PAST - ARE DOOMED TO REPEAT IT. (I just made that up on the spur of the moment. <ggg>) Best, Don

To: StockOperator who wrote (11924)	4/23/1999 7:51:00 PM
From: pater tenebrarum	Read Replies (1) \| Respond to of 99985

SO, that's why i mentioned the seemingly ridiculous figure of dow 40,000 - because it's possible. a severe bear market could maybe start in 2014, or 2020, maybe a lot sooner. i don't think it is safe to assume that it will never happen again. my description of how such a bear market will probably play out was meant to help with recognizing it if and when it comes. modern times are not insulating us from the possibility of a 'real' bear market, as numerous asian examples have shown. so we are not only challenged with the timely recognition of sharp corrections, but also with determining whether the corrections could develop into something worse. you will agree that buying the nikkei after the initial 20% plunge was not exactly a good idea. regards, hb