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Technology Stocks : Intel Corporation (INTC)
INTC 34.50+2.6%Nov 21 9:30 AM EST
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To: Burt Masnick who wrote (66059)10/9/1998 10:23:00 AM
From: mauser96  Read Replies (1) of 186894
 
It's true that markets predict more recessions than actually happen. OTOH, recessions are always anticipated by the stock market, and this is a far better record than economists who are as a group are almost always wrong about recessions. In any case, by the time the recession officially announced (after 2 quarters of declining GNP) the bear market is over. Therefore it is the worry about a possible recession in the near future that is one of the causative factors in a bear market. We are in a bear, and price wise it is more than half over.
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