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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: LTK007 who wrote (7744)11/24/2001 7:31:02 AM
From: Crimson Ghost  Read Replies (3) | Respond to of 99280
 
Those expecting another surge in stocks better listen to what the bond market is saying. Rates will continue surging until the stock market corrects. The stock market already is modestly overvalued by the Fed model. A jump to NAZ 2000 or higher would trigger another surge in bond yields raising market over valuation from modest to quite substantial. This could set the stage for something more than a 50% retracement.


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