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To: Giordano Bruno who wrote (54367)8/2/1999 9:55:00 PM
From: Lucretius  Read Replies (1) | Respond to of 86076
 
she is such a f*cking idiot:

"In 1999, she said, conditions that would predict a bear market do not seem to be in place.
"Previous bear markets were generally preceded by noteworthy overvaluation and catalyzed by deterioration in economic performance, such as a significant rise in inflation or weakness in corporate results. We don't believe that either condition is in place," she said in the note.
She downplayed the threat of higher interest rates, which have been weighing on stock prices recently, saying the long end of the bond market may have already discounted a tightening when the Fed's policy arm meets later this month."

when the long bond breaks 6.2 and makes a run on 10 later next yr and the dollar is confetti..... she'll might just figure it out.



To: Giordano Bruno who wrote (54367)8/2/1999 9:56:00 PM
From: pater tenebrarum  Respond to of 86076
 
Jim, i especially liked the bit about overvaluation being a precondition for a bear market and the conclusion that since we're not overvalued now, a bear market can't happen! LOL!