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Strategies & Market Trends : Classic TA Workplace

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To: Shack who wrote (34457)	3/19/2002 10:12:16 AM
From: UnBelievable	Read Replies (1) of 209892

How Can Anyone Be Bidding This Market Up At best it is extremely overvalued with all possible good news already in the price. At worst we are looking at a significant market correction when the increase in long term interest rates, the decline in the value of the dollar, and significant inflationary pressure require the Fed to increase interest rates while the economy is still very weak. I really can't fathom even the most bullish money manager thinking that this is a good time to get further into equities. Either the economy is in much worse shape than any of us have assumed or the people managing the economy are stupider than any of us can imagine.

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