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Strategies & Market Trends : The Millennium Crash -- Ignore unavailable to you. Want to Upgrade?

To: Cynic 2005 who wrote (3687)	10/23/1998 11:45:00 AM
From: Rarebird	Read Replies (1) \| Respond to of 5676

<< You don't think Alan Greenspam and Bob Rubin will save the market from the bear? >> I think they already have for the time being. I don't see earnings improving in 99. I still see a major corporate earnings recession ahead. The S&P is currently trading at 27.5 times earnings. When investors wake up to the reality, they will sell off further rate cuts in 99. I don't think Greenspam and Rubin can save this market; they can only forestall the inevitable!