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Pastimes : Richard Ney and the Wall Street Gang
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To: ccryder who wrote (423)12/11/1998 12:59:00 AM
From: REvaluer@AOL.com   of 492
 
I think the market will be choppy over the next few weeks but see new highs in the new year. Banks and brokerages hit lows in September and October. The specialists bought stock for their long term investment accounts at that time. I thinks that the stocks in these sectors will advance at least until next September/October at which point they can establish long term capital gains. I am still thinking about the 2000 problem. There is a real possibility of a recession in the U.S. caused by computer failure. This would be a perfect excuse for the specialists/MMs to crash to market. Remember, on Good Friday, 1998, the SEC sneaked out the news the circuit breakers would allow a 10% drop before kicking in. I would appreciate any comments about how the YK2 problem might impact the overall market.

Cheers,

REvaluer
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