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To: John Vosilla who wrote (416)3/2/2007 5:55:54 PM
From: SouthFloridaGuyRead Replies (1) | Respond to of 1718
 
<<So what made you change your tune from a week ago when nothing on the horizon could take stocks down?>>

I still think that. This is all hedge fund technical bullshit IMO. You just gotta let it play out like in June.

The hallmark of a bull market is when it dips and you buy, you make money. A bear market is the opposite. So we'll see.There have been plenty of dips in this bull run, spring '04, spring '05, spring '06 and today, each very profitable.

The fundamentals are not meaningfully different than what I and really every talking head has described them as: Mid-cycle slowdown due to housing with no meaningful dropoff in corporate spending expected and relatively robust employment conditions. You are now in the growth-scare phase. But there is no doubt a greater risk of inflation than recession in the medium term, inverted yield curve implying slowdown, yes, but most of it relegated in residential housing.