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To: Mark Fowler who wrote (78149)9/23/1999 2:40:00 PM
From: GST  Respond to of 164684
 
Mark: McDonough is talking about the strength of the US economy, not the valuations in US stock prices. A strong US economy means higher inflation and interest rates in the context of a falling dollar and strength in the global economy. That suggests that economic strength will cause stock prices to go lower. As for Cardillo -- give me a break.