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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 671.910.0%4:00 PM EST

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To: NucTrader who wrote (53939)6/13/2000 9:10:00 PM
From: HairBall  Read Replies (2) of 99985
 
NucTrader: I just scanned to article, but it does not take a full paragraph to sum it up.

Basically he is a new era parrot...he believes that stock PE's have rising dramatically to compensate for the new era productivity. However, once that transition has been made from the old era acceptable growth rate of 2.5% to the new era growth rate of 3.5%, "the cyclical trade-off between unemployment and inflation would once again hold".

In spite of his new era thinking he has now come to the conclusion that..."The time has come to strategically sell high P/E stocks into high quality bonds!"

Well, that is my at a glance take anyway...<ggg>

Regards,
LG
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