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To: Lizzie Tudor who wrote (150612)12/7/2002 5:00:53 PM
From: Victor Lazlo  Read Replies (1) | Respond to of 164684
 
re mkt predictions it's interesting to me that people always seem tend toward extremes of huge new market selloffs or massive updrafts in the market just ahead. I guess my vote would be for boring market stagnation within a range for a while.

here in the northeast the commercial vacany rates are way up from a yr or two ago. Many of the big co's in the suburban office parks are trying to sublet space they no longer need. I don't see commercial RE sector picking up for a while at least in this neck of the woods.



To: Lizzie Tudor who wrote (150612)12/8/2002 12:53:09 AM
From: Lizzie Tudor  Read Replies (1) | Respond to of 164684
 
Here's another guy predicting new lows... same old message, theres a million of these guys

COCHRANE: Short-term, Paul, I'm bullish. I think we could have a rally going into mid-January. However, longer term, I think what this eight week rally has done is basically delayed the inevitable. I think next year, the next six, 12 months or so, the market will work lower. We'll go below the levels that we were in early October.

KANGAS: Why so bearish still?

COCHRANE: Valuation I think is the key. The Fed has basically done everything they can do. They can lower rates a bit more, but the market is still very expensive. We had a huge bubble and build up in this market in the mid to late '90s.

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