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To: craig crawford who wrote (3776)9/7/2001 1:47:44 PM
From: Claude Cormier  Read Replies (1) | Respond to of 8010
 
<, they discount the future just like stocks. so you can't wait until you see recovery to buy unless you don't mind paying up. >

I agree. But they do not start discounting the future years before the event, 6 months to a year at best. I don't think that an economic recovery is likely in 2002. On the contrary, things are likely to worsen.