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S&P 500
7,046.74
(
0.34%
)
US TECH 100
25,665.60
(
0.67%
)
Dow Jones
48,570.07
(
0.22%
)
Brent Oil
95.66
(
3.24%
)
Bitcoin
74,395.00
(
-0.60%
)
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Ace Hanlon

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Ace Hanlon

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Re: Burk post# 372862

Tuesday, 03/22/2005 10:23:26 PM

Tuesday, March 22, 2005 10:23:26 PM

Post# of 704044
Market was a LOT cheaper in 2002 than it is today. Also Fed was cutting rates, not hiking them.

Using technical analysis while ignoring such basic fundamantals as valuation can be dangerous to one's financial health.

We can of course bounce at any time and probably will shortly. But the cyclical bull is over IMHO and the bear has begun.



“The things that will destroy us are: politics without principle; pleasure without conscience; wealth without work; knowledge without character; business without morality; science without humanity; and worship without sacrifice.” Mahatma Gandhi

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