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To: Alex who wrote (15826)8/13/1998 5:09:00 PM
From: Dwight Taylor  Read Replies (1) | Respond to of 116814
 
She is quite an optimist. In contrast, Norman Fosback, editor of Mutual Fund Forecaster discusses in the August 6 issue the extremely high valuations of the market, of which are the highest in history. He calls for a major pullback. Interestingly, he has changed his opinion on gold funds. This Aug 6 publication rates ALL GOLD FUNDS as buys or best buys. The previous issue was advising AVOID.

BTW, Fosback who authored Stock Market Logic has a very loyal following along with an impressive track record.



To: Alex who wrote (15826)8/13/1998 6:24:00 PM
From: long-gone  Read Replies (2) | Respond to of 116814
 
She was so right, it went down another 40 or so points.



To: Alex who wrote (15826)8/14/1998 1:53:00 AM
From: Investor-ex!  Read Replies (1) | Respond to of 116814
 
Alex,

The fiction:

"She said labor costs "remain under good control" as a "mild acceleration" in wages has been substantially offset by productivity gains."

The fact:

biz.yahoo.com

"The productivity of U.S. workers shrank for the first time in more than three years, prompting a sharp pickup in labor costs, the Labor Department said on Tuesday."

Credibility sinking fast...