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priced for armageddon

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    interesting quote from article on bloomberg...

    `Priced for Armageddon'
    ``Everything has been priced for Armageddon,'' said Geoffrey Pazzanese, manager of the Federated InterContinental Fund, which invests in developed and emerging markets equities outside the U.S. Federated Investors, based in Pittsburgh, manages $344 billion. ``Valuations are very attractive. Pessimism will subside at some point.''

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