Stock Attack II - A Complete Analysis Message Board

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Strategies & Market Trends : Stock Attack II - A Complete Analysis

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To: Vitas who wrote (27579)	1/14/2002 6:16:53 AM
From: Robert Scott	Read Replies (2) of 52237

Situation is very favorable to equities - stimulative monetary and fiscal policy, low inflation and rates, overall inventories low, indications that we're bottoming or coming out of the production recession, confidence moving higher. PEs are artificially high so the valuation argument is faulty. So many jobs have been cut that once any growth starts, earnings are going to shoot higher - truer for the Nas companies than the DOW certainly. I will say this, if the Democrates get their way and block new tax cuts or worse yet, repeal the tax cuts, this would prolong the slow growth coming out of this recession and would be very bad policy. It is so preposterous to believe that you can tax your way to surpluses rather than grow your way to them - it amazes me that there is even any discussion about this - November 2002 looms large in this debate. We have come a long way since Sept 21 and we may lose some ground here but given the current situation and adding a tax cut, there's a very strong force behind the economy - one that should take us to 2600 or so by early next year according to my model.

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