John Makin, AEI

Doug Henwood dhenwood at panix.com
Sat Jul 14 10:26:06 PDT 2001


Yoshie Furuhashi wrote:


>Why the doubling? Because of the rise of 401k plans?

Yes, certainly that, and the bull market itself. It's not just that new buyers make prices rise; rising prices bring in new buyers. Demand is often most fervent just before a peak.

Doug



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