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

To: Crimson Ghost who wrote (7959)	11/26/2001 9:01:36 AM
From: vampire	Read Replies (2) \| Respond to of 99280

not bearish if economy is truely on the mend

To: Crimson Ghost who wrote (7959)	11/26/2001 9:05:38 AM
From: t2	Respond to of 99280

Fed's Poole says he sees the beginnings of an economic rebound. They probably are finished cutting; especially with the recent smash in bond prices. Treasury saying the same thing. Bearish for the very highly valued stock market from a contrarian standpoint. I find that logic difficult to understand in this environment. Companies have been laying off employees and getting leaner for several months. That means a uptick in business will lead to significant profit increases. IMHO, your argument makes sense in the middle of a long running bull market when the FED is trying to slow down the economy. However, in this market an economic recovery is good for the stock market. I guess that is why you call it a "contrarian" viewpoint.<g>