Economists are said to have predicted seven of the last four recessions. Recently, Newsweek focused on the question of how long the stock market run-up will continue. Several noted financial gurus said there is no end in sight; several equally noted experts opined that it must end sometime.
One group is right and one is wrong.
Statistics of past stock market performance are available everywhere. Already it is apparent that this will be the greatest bull market ever.
Those projecting an ever increasing Dow cite continued low inflation, interest and unemployment as the basis for their optimism. Admittedly, the economy is strong and, other than the Asian situation, there doesn