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Strategies & Market Trends : Gorilla and King Portfolio Candidates

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To: freeus who wrote (19047)2/29/2000 11:11:00 PM
From: chaz  Read Replies (1) of 54805
 
Before we jump to any wild conclusions about AG's lines, let's remember that he's referring to "asset" valuations and that he's not defined his terms. Assets mean anything from your house to your bonds to your stocks. It's a very broad "category".

From my reading, I certainly don't think he singling out stocks, and I certainly don't think he means to raise rates to target stocks. I haven't done the math, but in the overall, has the decline in the NYSE been balanced by the advance in the NASDAQ? I should even ask if the advance in the NASDAQ average is an accurate reflection of the entire NASDAQ list, or an overstatement.

Greenspan also says he's worried about an imbalance between supply and demand at the consumer level, and then says he sees no inflation worry for the balance of the year. He worries that technology adoption (by industry) will trail off, says he doesn't know where we are in the cycle, and skips mentioning that it might accelerate.

The guy's a worry wart. For my $.02, we should do what we've been doing...focus on finding companies with bright futures, that are profitable, in markets that are being adopted.

Chaz/Thucydidies
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