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

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To: Paul Shread who wrote (40353)10/14/2002 3:28:07 PM
From: Haim R. Branisteanu  Read Replies (1) of 52237
 
A slow drift to the upside with high volatility. Based on earnings the market is overvalued but if one takes into account interest rates and return on cash the market is priced for a timid buy.

After all even that recovery is very slow we are still at around 6% unemployment a number which was once connected to inflation.

In the big picture the relative low unemployment means that people still earn money and can pay down their debt, and buy more gadgets.

Further population count is increasing as is the economy. Short terms WDIK, but my sense is that the stock market is forming a bottom. This week and next will indicate if I am right and the indication will be how the market will related to reported earnings and conference calls.

As an example, we had a very low confidence number which was completely ignored.

those are my 2 cents

BTW it is quite sad that CNBC's Maria still has a job
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