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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: John Vosilla who wrote (212332)7/24/2009 5:13:12 PM
From: DebtBombRead Replies (2) of 306849
 
Dow 15,000, Here We Come: Stocks Going to New Highs, Lemonides Says
According to Lemonides, the same thing that drove the tech and housing bubbles will also drive this next rally: low interest rates. In his view, "interest rates modulate economic activity.“ And, with rates essentially as low as they can go, he expects asset inflation, "not really fast but over time."

It's a simple formula "capitalism comes with boom and bust" and after going bust last year we're in the beginning stages of a boom.

In the meantime, he’s buying stocks he thinks are undervalued, including Legg Mason, 3M and Boeing. With each company, "you’re getting these names at valuations that are just off the charts… and in an economic environment that’s likely to be improving," Lemonides says.
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