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Joseph Battipaglia, chief stock strategist at Ryan, Beck & Co [said], "Conditions continue to be supportive for stocks, with interest rates likely to remain low and the economy in the 30th month of a recovery."
Oh, yeah, it's been 30 months of nothing but up, up, up! You can't stop the recovery, you can only hope to contain it! Whooaaaaa!

Date: 2004-03-01 04:18 pm (UTC)
From: [identity profile] blarglefiend.livejournal.com
It is, as I understand it, one of those "recoveries" where all gains are made by shipping all the work off to cheaper locales. Thus most of the economic indicators look good but the people who lost their jobs aren't getting new ones, and most likely lots more people are *still* losing their jobs.

So it's a great time for the very wealthy, shitty for everyone else. The former is all that matters, right?

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