From: John Conover <john@email.johncon.com>
Subject: Re: Will the stock market go up forever?
Date: 28 Jan 1999 20:38:58 -0000
William F. Hummel writes:
>
> Forever is a long time. I think it is a very safe bet that the
> market will be higher in 2150 than it is in 2000. After that,
> does it really matter?
>
> However you choose to model its day-to-day performance, there is
> no doubt that the market has a positive trend that will exist as
> long as entrepreneurs are allowed to do their thing in a free
> enterprise system. It is that trend that makes the whole
> difference for investors with a long term horizon.
>
Ok, you think the equity markets will continue to go up-and many
do. You have a lot of company there.
I think I don't know what they will do. Fortunately, entropic
economics can be of some assistance in providing optimal strategies
even though one doesn't know. That's how the strategies work-they
maximize returns, while at the same time, minimizing risk exposure,
ie., how to handle the uncertainty of not knowing. (The strategies
won't guarantee one wins, but it will guarantee that one played the
best game possible-and if one wins, one would have made the maximum
amount of money possible.)
John
--
John Conover, john@email.johncon.com, http://www.johncon.com/