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Politics : Ask Michael Burke
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To: Freedom Fighter who wrote (59077)5/11/1999 7:33:00 PM
From: Freedom Fighter  Read Replies (3) of 132070
 
To All,

Even the Fed's bogus stock market model now suggests that stocks are overvalued by 40.3%. A new all time record I believe. And that doesn't include the deterioration of earnings quality related to "big bath" accounting, large and growing use of non-expensed stock options,
and late business cycle margins. I guess it is a "New Era". A "New Era" of speculative excess that is <g>.

Wayne
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