Evaluating Inflation

"Evaluating the Bull Market" Today it is almost impossible to pick up a financial journal without seeing news on the bull market that some consider to be overvalued. Overvalued or fairly valued, only the future will show the truth. Either way, this market is one that has shown greater run ups and returns, than any other market in history. (Reference Appendix #1a) Recently the Dow Jones Industrial Average has reached historical highs and then receded …

…Time Series Page." (3) "Employment Cost Trends." BLS, (1999) (4) Freidma. "PPT Slide Show." http://www.ecom.unimelb.edu.au/ecowww/rdixon/101/notes/msi/tsld001.htm (5) The Hutchinson Encyclopedia. "Inflation" Helicon Publishing (1999) http://ukdb.web.aol.com/hutchinson/encyclopedia/30/M0006130.htm (6) Manering, Virginia. "BEA News Release." Bureau of Economic Analysis (11/24/99) (7) "Minutes of the Federal Open Market Committee" The Federal Reserve Board. (8/24/99) (8) "The Beige Book" The Federal Reserve Board. Summary (11/3/99). (9) Vogelstein, Fred. "Do Worry. Be Unhappy." Us News Online (3/8/99)