SPDR S&P 500 (SPY): "Looks like we are pricing in a 25% unem...

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Re: GLENO34 post# 65225

Saturday, 11/22/2008 9:52:23 PM

Saturday, November 22, 2008 9:52:23 PM

"Looks like we are pricing in a 25% unemployment rate."

looks like we are pricing in liquidation sale of the U.S. msft at $17? intc at $12 with a 5% dividend?

$500B in infrastructure and new energy money and everyone is going to be repositioning to get a piece of it, just as everyone and his mother now wants to be a bank. GE at $13, that had to be a giveaway.

count me among the fools who think that stocks are ridiculously cheap, for now.

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