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Name:
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water_watcher
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Subject:
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Hey WW
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Date:
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10/15/2009 7:47:00 AM
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Thanks for asking ... the market did Ok yesterday, still 4,000 points down from the high under Bush. As for jobs, I have not seen that ANY have been created yet and we are still losing them. Have you seen different numbers? Jobless claims are due in about and hour. Stock futures are down about 50 right now.
Now if you follow business the way I do (and by the way I have given you two stock tips that one of them went up 300% and the other about 250% so you should be thanking me), the wasteful spending, the falling US dollar and a discount rate of zero makes the stock market the only place to invest right now. The SCARY part is when interest rates start to rise, which is coming soon. I do a lot of hedge transactions with banks for my clients. We used to be able to do a 20-30 year hedge, the banks will not go more than 5 years right now, absolute max do to their fear of what they feel could be a huge jump in interest rates and inflation.
That is do to the 170% of revenue Obama is spending, higher taxes, socialist health, VAT tax, cap and trade, government involvement in just about everything.
Hope you are doing well after the floods. My Atlanta home is on the Chattahoochee River, but is set back about 240 feet. It never went over the banks, but we could see the water it was so high.
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