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Technology Stocks : Apple Inc.
AAPL 278.28+0.1%Dec 12 9:30 AM EST

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To: HerbVic who wrote (55695)8/11/2006 8:16:45 PM
From: David Bogdanoff   of 213176
 
My question was motivated by the Hussman criterion for stock market underperformance, i.e. richly valued stocks and rising interest rates. Most pundits I see on cnbc or bloomberg do not see stocks as richly valued now and they typically use the p/e to base this on. so at least one of Hussman's criteria is not met. The other , rising rates, is less clear; some think we are done, others see one or two more hikes coming. The current fed rate is seen as high enough to slow the economy (and maybe inflation), and others even see a recession coming, but it is not clear as too whether rates are still rising. Indeed, some pundits even see rates lowered in as little as 6 m. if it is seen that the economy is slowing too much. This is not my opinion, but my recollection of what I've seen on the finance/investment channels.
Bogtalk
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