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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 691.72

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Jan 16 4:00 PM EST

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To: bobby beara who wrote (16059)	6/5/1999 11:11:00 AM
From: Haim R. Branisteanu	Read Replies (2) of 99985

BB, watch the employment numbers as employment goes so will go the market. This week was proof of full employment and 401K buying. The 11K job creation was a mirage based on the growth of total market capitalization. People are working and poring more money into the equity market which by now IMHO is also their saving account. A flat market and more people retiring will be a watershed downfall. There are mutual funds with DELL, AOL, AMZN, YHOO and many others at a cost basis of $1 to $2. Wen redemtion will start in a more serous fashion the tax bill J6P holding those funds will be relatively staggering and force him to liquidate even more. As they say no gain without pain. I just wonder how many people have taken into account the tax payments resulting from their mutual funds. BWDIK Haim

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