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Strategies & Market Trends : Tech Stock Options

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To: Bart who wrote (19822)	8/16/1997 2:19:00 PM
From: Jay k.	of 58727

Hi Bart I think this correction will continue into Oct. Bottom at 5800-6000 on the Dow30 if we get some bad news. Even with the extreme valuations in the markets I have become a bull for a simple reason, We haven't had a Bear market in over 20+ years and sp500 had only 2 negative return years in last 20 years. In this same 20 years we had only many 30%+ return years and the sp500 was up 26% already this year so I wonder why people are nervous about shoving more money into this market. Market could/should take a 30% correction now. sp500 will be up 10% for 1997. Maybe history will repeat and we get a blowoff in Oct. B/regards

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