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Pastimes : Don't Ask Rambi
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To: Tommaso who wrote (5970)1/9/1998 9:40:00 AM
From: epicure  Read Replies (2) of 71178
 
I agree with you completely. We are probably on the edge of a correction. Or, we may trade sideways for a while, best case scenario I think. I am mostly in cash, risk reward is just too great right now.

However, on the bright side for the market, the markets are propped up by huge inflows of baby boomer money. They won't be pulling that money out untill 2008. Further, our economy right now is in the best of all possible worlds. We have low unemployment but as yet, no inflation. We have low cost goods because competition is so strong globally and markets are freer than they have ever been.

(And I would talk to you again no matter what you said.)

Not being a real psychic like Penni, I am not sure how to put the rosy economic picture together with the fact that stocks today are at historic levels of valuation. I take comfort in the fact that I am not alone in my puzzlement.
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