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To: pater tenebrarum who wrote (51990)	7/16/1999 6:32:00 PM
From: Lucretius	Read Replies (1) \| Respond to of 86076

310 in a few weeks time would be an awesome move to me -ng- BTW- note the clear five waves down on the "fair multiple" chart on the Fed model as well as the nice head and shoulders top on the "SPX price to expected earnings ratio": yardeni.com if we drop below fair value, which is typically the case in a crash.... we could see sub SPX 650 (assuming that bonds drop one more time after stocks take their intial hit as I suspect they will (ie- the yield following DBRSY in a final move higher))