FinancialAdvisor's College Class (FACC)

[Bullwinkle]

Ahh, I forgot the flat yield curve and the bond market is a definite wildcard for Cons. Hedge funds and program trades can go either way...

We have a lot of similarities to 1987; sinking U$D, inflationary fears, complacency, bad policy, account deficits and debt, deteriorating market breadth and relatively high PE's (a lot of the cons I listed earlier were present in '87).

The only thing we do not have are high ST/LT rates...

I do not believe high oil and energy prices were of a concern in '87, but they certainly are today.