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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: westpacific who wrote (70453)10/24/2007 12:09:00 PM
From: sea_biscuit  Read Replies (2) of 116555
 
I agree. Another rate-cut, and another knee-jerk upward move in stocks. If December sees one more rate cut, we might even see 15000 on the Dow. And of course, if we get into hyperinflation mode with more rate cuts in 2008, then 18000-20000 is possible. Nominal and meaningless new highs when measured against gold, oil etc., but new highs nevertheless.
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