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To: stockman_scott who wrote (138135)	7/30/1999 2:16:00 PM
From: JRI	Read Replies (2) \| Respond to of 176388

OT Scott- I feel really good about many groups right here.....The long bond (6.12) will be heading down over the next few months...we are 7-10% off highs on the indices...many stocks are down 10-20% from their highs....Greenspan is getting more and more ammo that inflation is not a problem...as soon as the market wakes up, and sees that the Fed will not be raising in August...we should see a nice rally (again)...earnings, too, of course, have been boffo.. Ironically, the Fed could raise in August, and we still could rally! The only stocks to really worry about, IMO, are pure internet plays (especially AOL, AMZN, MSPG)...the former favorites, and cyclicals...I think techs are in good shape...I guess one could worry about the "Hamptons effect", but given stocks have already come back some here, I think any effect in August/September will be muted at best... I picked up some more EMC today at 60 11/16...great company, future (already) gorilla...50% EPS growth for next couple years... I am heavily weighted in big cap, tech, growth, and my port has held up well during the 9% Naz correction, so I feel good about big cap growth's strength here (unlike April)