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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Lucretius who started this subject12/1/2001 2:04:46 PM
From: Crimson Ghost   of 436258
 
Nancy Lazar dons a clown suit:

Q: So this is the time to be buying stocks?
A: The stock market is a great leading economic indicator when
it comes to ends of recessions. In the past four recessions,
during the last three months of every recession the stock market
has always had a very strong advance, increasing on average
about 26%. In the rally we've had over the past two months, the
S&P is up about 17% since its low on September 21. That is
very consistent with previous recession ends. It is typical to see
a further rally of another 16% during the seven months
following the end of a recession, on average.
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