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Re: MLK post# 6215

Thursday, 05/24/2007 6:18:41 PM

Thursday, May 24, 2007 6:18:41 PM

Post# of 9101
MLK... you're correct, it was Greenspan's prediction on the Chinese markets. I misunderstood when I heard it on the radio.

You also said: "the trend for the market has been up for several months". I'd like clarify that saying the trend for the Global 1000 has been up (largely reflective of the Dow and S&P 500's records... all that $400B defense spending by Bush). The performance by the balance of the markets however, and certainly the NASDAQ, have been far less stellar. As a positive, I do hear some analysts saying tech spending will improve in the 2nd half, but the Fed still needs to cut rates to counter the inflationary impact of gas increases to re-stimulate the consumer.
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