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Strategies & Market Trends : Shorting SPY for fun and profit.

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To: studdog who wrote (109)	12/23/1997 8:04:00 AM
From: Dwight Taylor	Read Replies (1) of 346

Karl--Technology used to be my investment of choice but I am so unsure of the market that I have had to pull out of equities. I can't help but recall the "irrational exuberance" speech by Greenspan 2000 Dow points ago. What is irrational anymore? Also, the chart (DOW)has such an uncanny resemblance to the '29 scenario. Add to it the troubles in Asia, high personal debt, little or no dividend yields--not to mention the Central Banks manipulating gold. I don't like it one little bit. For now, I am buying gold. One of these days it will come roaring back. Ben

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