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|Subject: Re: Stock prices in the next decade||Date: 3/7/2003 12:30 PM|
|Author: pauleckler||Number: 35843 of 77403|
There are zillions of books out there where the authors take sets of data, reach firm conclusions, and then project those data into the future.
For every 10 such theories, only one proves to be useful. Most are just busy work. They fill the TV screens and newspaper columns with talking heads (so the audience is attracted for the benefit of the advertizers and every body is happy).
There was one in the '80s that claimed that the boom of the '90s was to be caused by demographics as the boomers entered their greatest earnings years--and spent their funds on their grandkids. That would be great for the likes of Disney and Coca-Cola. Now the demographics have turned against them and all is lost.
There was one in the '90s that claimed the stock market would collapse when all the boomers decided to cash in their stocks and retire.
Such works are fun and thought provoking, but I wouldn't rely on them for investment advice. Your crystal ball is probably at least as good as theirs.
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