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Strategies & Market Trends : Range Bound & Undervalued Quality Stocks

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To: JakeStraw who wrote (1967)5/2/2000 10:19:00 PM
From: Esway   of 5499
 
Some views on the interest rate/inflation debate:http://www.smartmoney.com/smt/pundits/news/index.cfm?story=20000501

<<Even Aubrey G. Lanston's David Jones, one of our chief Fed watchers, is taking monetary policy with a grain of salt. No matter what the Fed does, it can't change demographics. "Importantly, with most of the 75 million postwar baby boomers and other investors still committed to the stock market for long-term retirement purposes, it is a good bet that the firm market underpinnings will remain in place," Jones says. "This suggests that there could be a prolonged but fairly shallow equity market correction as investors mainly shift from overvalued equity sectors to undervalued sectors." >>
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