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Non-Tech : Elaine Garzarelli

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To: Gil Kempenich who wrote (102)	11/21/1996 4:08:00 AM
From: Andy Nemo	of 292

Gil, Now I'm really getting sceptical to the market. You know when the last bear has turned bullish, who's going to buy your stocks? I've told the story before. A man bought a stock at 10, then more at 20 but when he wanted to sell, his broker replied "To who?" I know you're frustrated that you lost out on this big, fat bull - but to turn bullish now when everyone just buys into the Dow shares !!! I don't know. You see the trend just as well as me: The NASDAQ is weak, the broader market is weak. ONLY the Dow is strong. You know why? The fund mangers, scared to death, just buy the big blue chips because they won't be fired for buying IBM and Coca Cola. And these people will dump it all, if somebody just says "interest rate hike" - and fast. Take it easy - don't buy into this strength - this bull run won't go on forever with 200 points a weak. Maybe it will run for half a year more - but not at this pace. Comments om my JPY/US bonds theory? Andy

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