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Strategies & Market Trends : Investment in Russia and Eastern Europe
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To: Rob Shilling who wrote (932)3/20/1999 9:29:00 PM
From: Real Man  Read Replies (1) of 1301
 
I would expect a "correction" in the US stock market fairly soon.
yardeni.com (This site lists overvaluation, stock yield
to cash ratio. Right now cash is some 30% more profitable - the level
before 1987 crash was 34%, before August 98 - 25%. This is a very
reliable indicator.)

This will drag down the world, of course, if it happens. If the
US stock mania bursts now, it will be time to buy Russia since the
dollar will plunge, commodities rise.

But we'll see. I'm mostly short & gold now.
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