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To: JRI who wrote (14193)9/21/2001 10:23:12 AM
From: marginmike  Read Replies (1) | Respond to of 209892
 
if you think about it the situation is much worse then in 98, so stocks should be lower then at that time.
1)Earnings havnt really grown, if Financial trickery isnt employed
2)long rates much higher
3)Financial 3rd world meltdown quite possible
4)World war, political instability
5)massive slowdown in USA economy
6)back end of a Tech/construction/Auto cycle
7)dollar artificially high
8)Highly over inflated Re
9)huge credit bubble and negative savings.

The fact is we have had nothing accept asset inflation, and a deterioration of FA.