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Pastimes : Ask Mohan about the Market

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To: Investor2 who wrote (12923)	1/10/1998 2:03:00 PM
From: studdog	of 18056

I2 Thanks for your comments on valuation. I too feel pretty comfortable with 47 -49 bucks for the S&P. The factor I am not comfortable with is 10 year bond yields. If they fall, then stocks are certainly pretty attractive at current prices. It seems some very smart people can make a case for bonds to either fall or go up (see Barron's). I also like your scenario in the next few years regarding emerging (currently submerging) markets. Karl

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