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 Strategies & Market Trends : MDD - Market Direction Discussion

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To: Yogizuna who wrote (21398)7/29/1999 12:29:00 PM
From: Eric MaggardRead Replies (2) of 84056
 
Fed will tighten rates, and that's good
Inflation is picking up, so Greenspan is right to act now

cbs.marketwatch.com 

Buy the dips, or as my boss put it "Buy from the dips." <G>

As Garzarelli says, The stock market, at this point, based on interest rates, is 30 percent overvalued. However, relative to the inflation model, it's still undervalued by about 30 percent.

So get out there and buy. Inflation will stay low.<G>

Eric
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