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Pastimes : JESUS and FINANCIAL FREEDOM

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To: yard_man who wrote (1069)10/16/1998 10:29:00 AM
From: gregor  Read Replies (2) of 1283
 
>>>Rate cut spells real trouble -- Greenspan is pretty worried to cut rates before the next meeting. Large instability in the markets. Cash is safe -- protect profits that you have made in the last few years. Stay away from bonds and stocks!<<<

Barry are you saying that the rate cuts will be ineffective just as they were in Japan where LT rates went to 1% and 2%, or are you saying that inflation will come roaring back depressing all equities and favoring hard assets.

I have thought all along that the bull will not resume for two to three years, but I do see a rally phase lasting into next March /April 1999. GZ on the other hand of the Millenium Crash thread is predicting a rally to 8500 and we are almost there. I really respect his astuteness. He is a PHd and I follow him regularly; I'll have to check him out today to see what he thinks will happen the rest of the year.

God Bless You Brother.... In Christ.gregor
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