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Strategies & Market Trends : Rande Is . . . HOME

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To: Mark Konrad who wrote (32417)	8/17/2000 6:08:30 PM
From: Joe Smith	Read Replies (1) of 57584

Hung up my claws completely today. Closed last short position, JDEC, for a small loss. Added some more. Still a lot of cash. We have a lid on inflation without too much of a cut in growth, all with oil at $32. Why is the NAZ under 4000? I still feel that we are still in a bit of a bear market, but the news has just been too good for the bears to feast, so we never got that sell-off that I expected. But, the bear has certainly kept the lid on things considering the great news. When the bear starts looking longingly for his cave around Labor Day, we will be all set, IMHO. Until then, be cautious of bad news and keep picking up the good ones. Mark, congratulations on your near-perfect performance since the turnaround on 5/31. You have been the Bullest and you were absolutely right. I am sure that your port has performed better than mine, although I am happy with my modest gains this Summer.

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