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

To: Skeeter Bug who wrote (60032)	5/20/1999 3:22:00 PM
From: Freedom Fighter	Read Replies (1) \| Respond to of 132070

Skeeter, >>in any case, here is my view.<< Good job except the Magner part. I like Mike! Wayne

To: Skeeter Bug who wrote (60032)	5/20/1999 10:42:00 PM
From: Fred B.	Read Replies (2) \| Respond to of 132070

Skeeter, I never said anyone is "bad people" . It is just that some have a hard time to admit that they were wrong and some resort to name- calling out of frustration. Either way, they don't need to worry about me after Monday, as I am going overseas for a month. They can put the blinders back on!!<g> With respect to the supply and demand issue, as I have stated, I believe it will continue till about 2005-2010 when the baby boomer generation starts retiring. Don't get me wrong. I am not saying the market will go straight up until then!! There will be many crisis, even some mini bear markets, but I believe the general long term trend will be up until then. Is the demand sustainable?? I believe so. One of the more valid points of the bears(and those are rare and far in between<g>) is the drop in savings rates. The intriguing thing is that it corresponds with a migration to the stock market by the common folks. Now, I am not defending that but it sure injects a lot of liquidity to the market and fuels the bull market. Now, there are going to be many pitfalls in front of both the economy and the market. One of them is the issue you raised, i.e. rising debt.But, once again, it seems that this same bull market, in a very strange way, can help that issue, further helping the bull market in a circle. These are economic forces that we have never faced before. They can not be evaluated with the old methods. That's what the bears of mid-90's ignored( and I respect their dean, Barton, for finally admitting it and stepping in the shadows) and the bears of late 90's are still ignoring.