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Strategies & Market Trends : Piffer OT - And Other Assorted Nuts

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To: Rarebird who wrote (26594)4/7/2000 9:45:00 AM
From: Augustus Gloop  Read Replies (2) of 63513
 
Looks like you would like a public thread war. Your tone is so off base but that's more than apparent to anyone who reads this thread. In response to your questions put in aggressive New Yorker style:

1) No, Bear markets still exist. They have been of shorter duration and I don't expect a wash-out but I'm sure we will see one in the future. My crystal ball is just not as clear as yours. A Gore Presidency would clearly be a concern for the market.

2) "Little margin debt"? Margin debt is at all time highs and that combined with panic are not good for equity prices. Surely you don't think you are the only person aware of high margin debt?

3) With regard to the trade deficit, my feeling is that it will come down with oil prices. Trade deficits have been part of this economy for a long time. When you transform from a industrial production economy to a service and intellectual properties economy I'm not sure that it doesn't make sense to run a higher trade deficit. You can put me in the "not concerned" camp on that issue.

4. I think Greenspan has increased rates too quickly. The result could be a rough landing but you don't know what will happen and neither do I.

5. I think inflation is a non-issue for now and will remain one for a while. A while does not mean 5 years but if you are expecting inflation like what we saw in the early '80 I think you will be waiting for a long time.
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