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Strategies & Market Trends : Waiting for the big Kahuna

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To: James F. Hopkins who wrote (19823)6/5/1998 10:42:00 AM
From: Oeconomicus  Read Replies (1) of 94695
 
Jim, to follow up on our Wed discussion (I think the market will be more spooked by signs of slowing than growth in the economy.), I don't know whether this morning's reaction to incredibly strong employment numbers confirms my hypothesis that the market is now more worried about signs of slowing (and was relieved to see the job growth numbers) or my older hypothesis that Mr. Market has gone insane.

OK, if we are all employed by companies that aren't making money, but our raises beat inflation by more than 2% and we have newfound riches from market gains, we can keep the economy going strong through consumer spending. And since we are all employed and rich, our spending can be done with borrowed money so we can keep pumping billions into the market. Conclusion? Buy Motorola.

Make sense?

Bob
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