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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: TREND1 who wrote (8376)11/27/2001 2:12:00 PM
From: LTK007   of 99280
 
my answer to your question to ALEX:)--just read Buffets superb presentation in Fortune Magazine and he said anyone expecting more than 7% annual yield on equities are kidding themselves and are still looking in the rear view mirror back to the bubble where equity value was 200% of GNP(a high danger level--<70-80% a low risk area>).But now Buffet gives a figure of 133% and that was BEFORE this run,so we can conclude that 133% has significantly increased.
I understand this run-up but it is running itself exactly into the trap that it just left behind.
I remain firmly,in the long view,a bear.But do in no way ignore your TA of the Trend is your Friend--you have done excellently,i congratulate you!Max
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