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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Jacob Snyder who wrote (37342)1/13/2000 1:52:00 AM
From: Jack T. Pearson  Respond to of 99985
 
Yeah,
When the Fed over-corrects driving short term rates too high, and business profits begin to contract, that will pull the last plausible justification for the current high P/E ratios. The only question then will be how fast and for how long will the unwinding occur.