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To: Rob S. who wrote (103510)5/16/2000 8:34:00 PM
From: GST  Respond to of 164684
 
Rob <Some stocks might move back up to resistance levels and then bounce back downward> Rates are getting high enough to really influence things. With prime headed for 10%, you can be sure rates not factor into the direction of profits and future growth rates. A weak Euro is going to crimp multinational profits. Higher rates will bloat the current account deficit. Corporate bonds are going to start to look like a better bet than stocks -- multiples will continue to trend down. I think "the rally" might already be over, or nearly over.