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Pastimes : Ask Mohan about the Market

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To: studdog who wrote (8014)	11/15/1997 12:45:00 PM
From: Haim R. Branisteanu	Read Replies (1) of 18056

Karl, all is fine with your model, but my expectations are 15% to 30% lower profits for next year!! Therefore at present time the market will find balance around SPY 750 if not lower as pessimism will grow. US market valuation is above the US GDP. Think about how a prolonged/substantial market erosin will influence the GDP. Retail sales are already slowing, - resulting in lower profit for the retail sector! Car sales are down - lower profit for GM, F, C and their host of suppliers. Happy trading Haim

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