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Technology Stocks : Newbridge Networks

NN 13.69

-2.5%

Dec 2 3:59 PM EST

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To: Mark Kubisz who wrote (4007)	4/3/1998 10:22:00 PM
From: Joseph Colombo	Read Replies (2) of 18016

<<And why on earth should there be "a general market selloff?" Stocks don't sell off just because they are high, they sell off on bad news. Inflation is very low, sentiment is positive and money is pouring into mutual funds. Bad news that could derail the market is neither any more nor any less likely now that the Dow is at 9000 then it was at 8000, 7000 or 6000.>> Mark, You are absolutely right. And when things do start to change, I think we will have a lot of time to make dicisions. I am old enough to have been around in October 1987, but I think that kind of sell off only happens once every 50 or so years. The last time was 1929. Lets all take our money out of play in October 2037. Joe

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