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To: westpacific who wrote (87477)8/2/1999 3:19:00 PM
From: Rock_nj  Respond to of 119973
 
I think the market is in for rough sleding over the next few months. Rising gas prices, the heat wave, and a labor shortage will cause a nearterm spike in inflation readings, which in turn will cause higher interest rates and downward pressure on equities. I agree that a large cash position is prudent at this time.