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Strategies & Market Trends : The Stock Market Bubble

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To: Ted Shelton who wrote (2365)	11/30/1998 4:55:00 PM
From: Ted Shelton	Read Replies (2) of 3339

I would have expected Greenspan to be more proactive in calming the current speculative fever. A little two or three word comment from him might send stocks back down... I wrote this back on November 24th -- now it seems like we might have those few words -- though not from Greenspan. The widely reported changes in margin rules for Internet stocks are being blamed for today's significant step back in valuations. Even bull Cramer from thestreet.com is predicting a sell of at least through Wednesday as speculators pull back from their huge bets in the Internet market. Will this trigger a wider sell off across NYSE and NASDAQ? Will it affect foreign exchanges? Love to hear your views...

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