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Re: westpacific post# 106531

Sunday, 05/11/2003 12:07:19 PM

Sunday, May 11, 2003 12:07:19 PM

Post# of 704041
Something else to think about. Back in 1992 Harry Dent wrote a book titled, "The Great Boom Ahead". In that book he predicted a move on the DOW to 8300 by 2007. People thought that was crazy for him to think it would go that high.

What we may be seeing now is just a correction to irrational exuburance in not only stocks but product demand and debt also. We may have not even seen to real "bust" side yet. Me thinks housing and debt levels will actually start to bring the house of cards down soon even though we still have some underlying boomer demand. As bad as things are we are still seeing some growing revenue numbers. Wait until we see those neagtive GDP numbers in a few years or sooner. Whoa!!

Joe

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