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To: Cynic 2005 who wrote (8001)	10/7/1998 5:35:00 PM
From: Joseph G.	Read Replies (2) of 86076

<<Greenspan's warning of a liquidity squeeze were followed by widespread talk in the stock market of heavy selling by a fund in order to raise cash to pay redemptions. Some individual investors also could be short of cash. Funds are also expected to carry out some tax-loss selling before the end of the month. ''A lot of margin calls are going on, and people are raising cash,'' said Harry Laubscher, a market analyst at Tucker Anthony. The mutual funds are probably raising cash too, so we are still selling into rallies here." Liquidity has been a key fuel for the bull run until now.>> No kidding? pyramid scheme participants are short of cash? Why I am not surprised ? -g-

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