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Strategies & Market Trends : The New Economy and its Winners

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To: Proud_Infidel who wrote (9150)	10/11/2001 7:45:32 PM
From: techanalyst1	Read Replies (1) of 57684

Hmmm.... The market is generally smarter than you or I. We had a bubble, which I guess we could say reflected the overcapacity. Why we got to that valuation, is another matter. But maybe we went down too far and anticipated a worse recovery than we're going to get. That would be characteristic of a bear market. Maybe the stock market is correctly anticipating a recovery better than we think we're going to get. It wouldn't be the first time that analysts were wrong. Edit: I should have posted this to the post that you were responding to. Sorry. TA

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