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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Haim R. Branisteanu who wrote (17119)9/11/2000 8:46:14 AM
From: Zeev Hed  Read Replies (1) of 436258
 
Haim, I do not disagree with you, it has been this way for quite some time, I would say it is the nature of an excess liquidity driven market. And yes, if we end up with a recession after this binge, KEM's and other low PE growth stocks growth will be stunted, for a time. Right now we are once more getting into a period of "musical chairs" game in the high fliers and every one is waiting for the music to stop. But, with Summers hapily buying treasuries in the open market, with the Euro in free fall, and with the Nikkei once more going to retest its lows in the 14,000 or so, where will the excess money go?

Zeev
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