Fed ineffectual so far...
carlremick at hotmail.com
Wed Mar 22 09:34:47 PST 2000
>Another negative: free cash flow for nonfinancial corporations
>(profits plus depreciation allowances less capital expenditures) has
>been pretty strongly negative for the last 2 years. This has been a
>pretty decent long-term leading indicator for the stock market,
>though of course Jordan says everything is still ok.
Does he? Haven't seen his take on the market here in a while. Have any
idea what permabull Abby Joseph Cohen is saying these days?
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