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Technology Stocks : INPR - Inprise to Borland (BORL)
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To: John Solder who wrote (1099)9/2/1998 2:07:00 PM
From: Charles Hughes  Read Replies (1) of 5102
 
About having a bear market at this point, for the many many people who are mad at me for suggesting the obvious, that this is one:

The market, as we all know, tries to predict the future. And
the future seems to be a cooling economy. Every other part
of the world is already sliding into recession or depression,
and they will bring us to some extent.

Rates are based on what has already happened. Your
analysis is appropriate for the short term, late in the event,
not this point. Look at bears in the 1950's and 1960's. You
will see unemployment at 4% or below and mortgages
below 6% when the bears started.

You are not going to talk this one away. The market is way
overvalued, and has been waiting for an excuse to tank.

Cheers,
Chaz

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