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Strategies & Market Trends : The Stock Market Bubble

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To: Roger A. Babb who wrote (3013)	2/18/2000 6:35:00 PM
From: Roger A. Babb	Read Replies (3) of 3339

On Jan 11th I posted: "Dale & All, I believe that we are very near a historic market top. In fact this week may define the top. Valuations are insane, stocks go up for insane reasons, and everyone sems to be fully invested and on margin thinking that the market can only go up. I am not predicting an instant crash, but in my opinion the top is now being made." In fact the Dow hit a top of 11750 during that week and has been falling since. Dow is now down 1530 or about 13% from that top. The NASDAQ bull has held on longer. But today may have been the NASDAQ top.

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