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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: TobagoJack who wrote (42648)12/7/2003 12:34:12 PM
From: AC Flyer  Read Replies (1) of 74559
 
>>and gad, I am looking forward to the read<<

You will have found yesterday's issue of Barron's to be packed with overwhelmingly bullish indicators for the US economy and for industrial commodities. I pick at random - 30% increase in US corporate profits in 3Q '03.

So....once again....the third leg of the Great Bull Market, which is now underway, will dwarf legs 1 and 2. It will run concurrently with a broad US economic boom through the end of this decade, taking the DOW and Nasdaq to undreamed of heights.

And then? I am tending towards a more pessimistic scenario as it seems that, on its current trajectory, by 2009 the US economy will be the most leveraged, the most extended, the most overvalued, the most most that it has ever been. Quickly remove a big chunk of US domestic demand at that point and, well, you may finally be thoroughly gratified, Jay.
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