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Pastimes : Don't Ask Rambi
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To: Jack Clarke who wrote (6020)1/10/1998 10:28:00 AM
From: greenspirit  Read Replies (1) of 71178
 
Jack, I hope your not right. I'm 85% invested in stocks now. There is one other hopeful scenerio, however unlikely it may seem now with all this asian meltdown.

Companies could actually make rediculous profits and have the valuations look cheap again. Especially if GDP continues to increase 3% or greater. I have to admit though, that's not a likely scenerio since all the Asian countries are going to be dumping goods into the U.S. market.

I'm predicting a relatively flat market over the next 9 months with vicious up's and downs. If inflation holds in check, which looks very likely, late 98-99 should be a good year for stocks.

But Intel is cheap at these prices, and Merced is just around the corner. :-)

Michael
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