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发表于 2009-9-1 10:35 PM
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the 30 year treasury bill down big today indicate that FED will not change the rate for at least 2-3 years. bank dont need the money, lots of company still can borrow new debt to pay the current liability which were long term debt. I dont think it is related to the stock market now.
based on company fundmental, lots of stock are over valued. their current asset can not pay back their debt, and Free cash flow model also shows it is really overvalued. the residual bounce are just squeeze.
so long term, I agree, it is down trend. bear comes again. |
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