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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: Andrew G. who wrote (1456)12/17/2000 2:20:35 AM
From: lightwave51  Read Replies (1) of 74559
 
A slowing economy does not produce higher earnings, and markets are still selling at high multiples to earnings. Reduced earnings forecast are likely to keep a damper on any lasting recovery to the market. When CO’s have to endure higher prices such as energy this does not help a bottom line that is already struggling.
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