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To: Joseph G. who wrote (2339)	6/17/1998 12:22:00 PM
From: John Dally	Read Replies (2) of 86076

Since I'm a happy, well-adjusted optimist, I think that the rally will peter out today and the market will proceed directly to hell.<g> To be serious, the SOX is down, and the likes of ZITL are collapsing. First Call earnings estimates keep dropping. I'm waiting for a pre-announcement from IBM to pour some cold water on the speculative inferno.

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