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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 659.00

+1.0%

Nov 21 4:00 PM EST

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To: American Spirit who wrote (11486)	4/19/1999 8:00:00 PM
From: George Sepetjian	Read Replies (2) of 99985

Clinton/War/The Market Wake up and smell the coffee. A liberal baby-boomer has stumbled into a war because he was so focused on his impeachement problems as outlined in the recent NY Times article. It's gonna get worse (the war) before it gets better. Past history has shown that anyone who gets involved with the Clinton's gets destroyed while they walk away from the carnage. Instead of individuals, this time it will be the public, ie. the shareholders of common stock who are going to be victimized during the coming years. Buy low-Sell high is the oft-heard phrase. Well if a P/E of 34 on the current S&P 500 isn't high enough,investors deserve to get whacked. Forget the numbers (DOW 10K) and focus on valuation. There's no shortage of people trying to sell you a basket of strawberries for over $2 a basket. Doesn't mean you have to buy them now.

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