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Strategies & Market Trends : The Stock Market Bubble

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To: bobby beara who wrote (1318)8/28/1998 9:39:00 AM
From: Paul Shread  Read Replies (2) of 3339
 
I was bullish at 8800; I'm bullish here. The U.S. fundamentals are astonishing, and interest rates are the primary drivers of bull markets. People who keep saying "1972" are missing three very big points: we have no soaring inflation, there is no idiot who thinks wage and price controls are the way to get it under control, and we don't have a criminally weak fed that is inacapable of acting. And as far as 1987 goes, we don't have a fed that is actively raising interest rates and we don't have 8% interest rates, either. As far as future uncertainty goes, we had that last October and still rebounded. This is a good buying point; yes, we could drift lower, but we will be higher than this within three months. Good luck to you too.
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