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Message subject : Re: The market should head north
This message was posted by Calvin on April 21, 2000 :
In Reply to: The market should head north posted by BillMe on April 20, 2000 :
greenspan has other things to worry about such as a record account deficit and US GDP racing ahead at 6-7% rather than the 3-4% he wants. I reckon he will tap on the brakes (0.25%) at each fed meeting until he sees a cooling of 'rational exhuberence'. We won't be far behind either or one can kiss the A$ goodbye!
Also, don't forget regardless of the discussion of whether shares are overvalued or not, in the US in 1990 the value of shares there was 50% of GDP,in 1999 it was 180% (of the 1999 GDP), this fact, more than any other is the one to lose sleep over...
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