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>> The 10 year comparisons were just an aside to show how even at
>> these levels inflation was beaten handsomely and who is to say it
>> will not be beaten again over the next 10 years vs. the DJIA
>> calamity forecast.
john, i'm not a market historian by a long shot, but the 10 year
period you cite is, to say the least, quite unusual in history. i
don't necessarily agree with a total calamity scenario, but i also do
not believe that extrapolation from the last 10 years is a reason to
be overly sanguine -- there are many structural problems in our
economy (and globally) which mitigate against us seeing the 2000 highs
any time soon.
how long will that be? dunno. as a trader, i don't worry about 2014
-- yet. but i also don't have expectations of moonshots that so many
giddy people had in 1999.
- *lk
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