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

To: RealMuLan who wrote (14869)	5/25/1999 1:29:00 PM
From: Boolish	Respond to of 99985

Hey Everyone...love the thread. Am always a lurker here and enjoy reading your analyses. To follow up on Yiwu's point was wondering what the opinions were regarding the blind optimism of boomer investing. Here is a quote from a recent interview with David K. Foot who is the author of "Boom Bust and Echo"...a book outlining how one can profit from demographic investing. "The boomers are certainly driving the markets up, just as they did residential real estate over the 70s and 80s. But of course speculators can get into the market, too, which can have major short-term effects on prices. I don't know precisely what percentage of the current Dow euphoria is speculation, and what percentage is demographics. So while there will be occasional short-term volatility driven by speculation, I do think there will be a general rising trend until the boomers start cashing in their stocks sometime in the second decade of the next century." Was just wondering how this type of blind investing can throw a traditional MDA off track...or do the charts never lie. TIA...Bool