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Non-Tech : Invest / LTD
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To: Lucretius who wrote (4992)11/3/1998 12:03:00 AM
From: Jay8088  Read Replies (1) of 14427
 
You are right LT. Sentimentwise we are at the mirror opposite of Oct 8th. Pretty incredible shift! However fundamental economic problems - worldwide overcapacity, non performing loans, contracting 'emerging markets', capital insecurity, declining dollar, and poor corporate earnings picture next year are still with us.

Now the ultimate contrary view would be a Nov/Dec crash to 6500 or so(not during holidays? damn the torpedo!). If it does happen it would hit totally from the left field for most investors who are enjoying a big sigh of relief and just now getting into greed again.

Technical measures seems to indicate a pullback at most not a crash during this comfy time of Nov/Dec year end rally. But if Brazil devalues? Or if dollar swoons? Surprise would be to downside to be sure.
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