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Pastimes : I've Got the 401K Political Blues
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To: swisstrader who wrote (13)11/28/2000 7:12:05 PM
From: Roads End  Read Replies (1) of 37
 
Nasdaq has already fallen 47% from its high earlier this year. I'm not sure why one would want to edure further a decline and loss of money before you would decide to go to cash. Look at how the bubble in Japan deflated and still, 10 years later it has not recovered. Could the same thing happen here? Trotting out Greenspan to lower rates or Abby Jo to cheerlead the maarket is not going to help. The simple truth is valuations have to come back into line and it will happen no matter who we have as president. Clowning around on the George Bush thread is all fun and games but this market really doesn't give a rip about the occupant in the oval office. In reality, the past several months have gone a long way toward eliminating the budget surplus both parties were making such grand scams for.
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