We had expected that 1999 would be a good year for the economy, profits would grow and inflation would stay under control, ... If that's right, 2000 should be yet another year of this economic and profit expansion and stocks should continue to rise. |
We live here in a jungle. I love the country of Israel. I know they have their own problems, but they need to pay attention to us. |
We went from a market that was dramatically undervalued to one that is priced close to where it should be, |
When investors come to accept the view that the seeds for economic reinvigoration have already been sown, a more aggressive approach will be appropriate, |
When we put all of these facts together, we conclude that the market today is roughly at fair value, |