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Perhaps he thinks the most obvious signs of inflation are in the P/E's.
"R.E.Turner" wrote:
> RT'ers
> And just my opinion but has the Fed Chairman foretold his own eventual
> "demise", by targeting the stock market and its meteoric rise. Perhaps
> this is his last great hurrah, before bowing out at or near year's end. The
> market want's to go to 36,000 on the Dow as one guy on CNBC's Squawk Box
> suggested. I want it to head in that direction too But why he couched his
> main objective, the explosive growth of the stock market, under the
> inflation banner as the priority of the Fed, until now.is curious.
>
> Russ
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