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To: bill meehan who wrote (53362)	7/27/1999 4:12:00 PM
From: pater tenebrarum	Read Replies (1) \| Respond to of 86076

that goes to show that the Europeans are notoriously late to the party as i said...i consider heavy inflows into U.S. markets from Europe a medium to long term sell signal. it happened in '87 as well, in the first half of that year inflows from Europe were at a record. i suppose the U.S. stock market has become a 'crowded trade'. everybody knows in his heart how incredibly overvalued it is and they all think they will be able to bail out in time... regards, hb