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Politics : Dutch Central Bank Sale Announcement Imminent?
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To: Jim McMannis who wrote (2292)11/24/1998 3:01:00 PM
From: Crimson Ghost  Read Replies (2) of 81087
 
Jim:

I too see the market getting up to 10,000 or so in January provided we have a decent correction first. Possibly even 11,000 by spring.

But after that I see a really big decline. Testing the 7400 low and maybe taking it out.

Why? because by then fears of inflation and/or stagflation will be mounting, commodity prices will be up, and bond yields will be closer to 6% than 5%. And incidentially gold should be well above $300. Not to mention the year 2000 problem and astronomical valuations.
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