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To: Richard Habib who wrote (26782)8/10/1999 1:29:00 AM
From: Don Green  Read Replies (1) | Respond to of 93625
 
Rich

IBM led this market from the depths of the Oct crash last year and has been the market leader ever since. That IBM internet hype saved the market a few months ago..IBm WILL IMHO lead the market in whatever direction it is heading in the coming months.

With Interest rates heading higher the dollar getting weaker and Y2K concerns getting closer, I really can't see too much more upside potential in the market near-term. As companies front-load their supplies preparing for Y2K, I could imagine some good sales number thru Oct-Nov... but that also means the first qtr of 2000 will likely be negative growth for many companies as all of that stockpiled supplies need to be used up. The one big hope I have for the market is a sharp sell-off into year-end followed by a HUGE Y2K relief rally early in Jan when things are seen to be not as bad as many predicted.

Don