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Pastimes : Ask Mohan about the Market

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To: Zeev Hed who wrote (14300)	2/18/1998 6:46:00 PM
From: Jack Clarke	Read Replies (2) of 18056

Zeev, >>I just do not see why it must be either of those scenarios. I can easily see some stagnation between let say 8200 to 8700 for the next six months, Yes, logically that seems to cover all the possibilities: UP, DOWN, UNCHANGED. I have accepted that we are in the midst of a mania, wherein "value" or worth is defined only by what someone else will pay you for what you bought yesterday, and without any regard to intrinsic properties of the equity. And where the money being used for the purchase, I should add, represents paper profit from a similar trade the day before. I have given up on picking when the bubble will pop. It may even be fun just to watch the party revelers from the sidelines. Jack

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