The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Les H who wrote (18284)	3/8/2004 12:35:35 PM
From: Lizzie Tudor	Read Replies (1) of 306849

As Larry Kudlow, chief economist of Bear Stearns wrote in National Review on Thursday: "Before the December and January jobs reports, I took the 'over' in the pre-announcement betting. ... Fearlessly, I'll take the "over" again." Gee, Larry, let me know where I can get some of this action. For the 40 months that I have been writing this column, Kudlow has consistently taken the "over" on every economic statistic. On employment, he's been right maybe 3 times. You've got to be kidding, I had NO IDEA that Kudlow was chief economist at Bear! Time to move all your funds from Bear if you have any there. The crux of this article is that stocks are overperforming given the real economic climate but personally I don't see much happening in growth stocks. You could maybe make an argument that they should crash and that hasn't happened but there is something of a slow grind downward right now in a lot of the big names. This in a climate where profits are clearly getting stronger due to cost cutting, so there is something of an upward push for that, deservedly and things seem to be cancelling each other out and we have a market that is mostly flat.

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