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To: Rande Is who wrote (9863)	7/20/1999 9:20:00 AM
From: John Miz	Read Replies (2) of 57584

What do you mean "one month"?...the forecast was for where the major indexes will be at year end. The bottom line is that we would be fully invested at this time. In addition, we are not making any changes to our year-end index targets (12,000 for the DJIA, 1,600 for the S&P 500, and 2,900 for the NASDAQ Composite). We recognize that our NASDAQ target of 2,900 is fast approaching, but we are taking into account the fact that the NASDAQ composite is heavily populated with technology stocks—a volatile sector that could experience significant profit taking when the second-quarter earnings season concludes. We remain bullish on the equity markets for this year and next. John

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