Bill Wexler's Dog Pound Message Board

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Non-Tech : Bill Wexler's Dog Pound

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Nov 5 3:46 PM EST

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To: Bill Wexler who wrote (1256)	6/9/1999 12:20:00 PM
From: Graeme Smith	Read Replies (2) of 10293

Bill, Is it just me or is the market just a little bit to bullish. Long Bond just hit 6%, the S&P 500 is up 50% in 6 months, and just 3 1/2% off its high, yet every single analyst is saying that a rate hike is already built into the market. If just one analyst was to say that I would just laugh and scour the employment section of the paper for his next job. But when every article I read quotes a different analyst saying that a rate hike is already built in to the stock market I begin to doubt myself. 30 year bond is up 29%. That's a rate hike built in. The stock market is not even 4% off its high. I'm sorry but there's no rate hike built in there.

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