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Author: hamishrose One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 5655  
Subject: Re: Assuming There Is A Recovery Date: 5/29/2002 6:49 PM
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I found the article unconvincing, to say the least. Frankly, the author doesn't seem to understand his subject. After confessing that stock valuations are high and interest rates are low, he goes on to suggest that the market is ready for a rebound due to a strengthening economy. I have no opinion on the outlook for the economy, but history tells us that high stock valuations and low interest rates do not precede stock rebounds. I'm not saying that there aren't bargains around but I don't think that the current environment is one for jumping in with both feet and relying on a rising market.

Furthermore, where do the stock picks in the article come from? After stating that "Wall Street's latest round of scandals--from sleazy corporate accounting to the sad state of brokerage house research--has certainly jolted the market's fever line" he goes on "to find out where investors should put their money, we canvassed top strategists
at leading investment banks and respected research firms." If the author doesn't pay attention to what he writes, why should we?

Bearishly,
Hamish Rose
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