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Politics : Politics for Pros- moderated

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To: Michelino who wrote (1973)	6/7/2003 9:02:42 PM
From: Nadine Carroll	Read Replies (1) of 793903

Do you think that Nasdaq will be higher at the end of George's term(s) than at the beginning? Lower. I believe that the Nasdaq is still highly overvalued (down from wildly, fantastically overvalued in 1999 and 2000). I also believe that overvalued markets tend to revert to fair values over the long term, usually overshooting and spending some time undervalued. Therefore, I believe that we are in a secular bear market. You still haven't explained how any of this is supposed to be George W Bush's fault. Or do you simply regard lower market prices as prima facie evidence of economic incompetence?

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