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04/19/03 10:45 PM

#99311 RE: n83 #99276

Wall Street hucksters would like to show the retirement savers the great exponential curve of of DJIA in throughout the 100 years of the 20th century. It's instructive to note that, the DJIA/POG ratio of 1929 was not revisited until early to mid 90's, one of the reason's behind Sir Greenspan's "irrational exhuberence" call. In other words, in His Excellence' point of view, stock market index should not significantly outperform commodity inflation; still, shorters would be killed by the move from DJIA 200 to DJIA 10000.