Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: AC Flyer who wrote (21366)	7/17/2002 11:48:26 AM
From: LLCF	Read Replies (1) of 74559

<<By your logic - increasing earnings means that we're at the top of the economic cycle>> No, I never said anything about rates of increase, or generalized about economic cycles. I said, when cyclical stocks top out, it's the top of the cycle and they're dirt cheap on a PE basis. Look at the homebuilders, same thing. I don't know why you argue this point, it's freakin one of the first things you learn about cyclical stocks....... IF you study them. <<The nation's two largest banks, Citigroup and J.P. Morgan Chase, reported higher second quarter profits on Wednesday thanks in part to rising bank deposits and improvements in their credit card businesses.>> That's a real hoot.... notice the credit card stocks? I don't know why you keep arguing, let's just talk same time next year and see who's right, agreed??? DAK

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