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Non-Tech : Raptor's Den
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To: rogermci® who wrote (5337)11/6/2002 3:13:38 PM
From: Abner Hosmer  Read Replies (1) of 10157
 
This is an admission by the Fed that the economy is not making the transition back to growth and increases in spending and investment. There is an 80% correlation in the Greenspan years between the Fed funds rate and earnings growth.

Things ain't gonna turn around here until we see some massive consolidation. Any rally here is a sucker rally.
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