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Pastimes : Ask Mohan about the Market
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To: Bearded One who wrote (12153)12/22/1997 4:04:00 PM
From: Zeev Hed  Read Replies (1) of 18056
 
Bearded one, these are excellent news, the way I read it, there is 80 to 85% chance that any recession is delayed by another year (VBG). That of course does not change my bearish opinion about the first few months next year. It will not be the first time the market managed to forecast a non existent recession. I think that by the second half of next year the goldilock scenario will return, except that the fuel will be relatively low stock prices and quite low long term interest rates.

Zeev
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