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To: Lizzie Tudor who wrote (73268)	8/11/1999 3:23:00 PM
From: H James Morris	Read Replies (2) \| Respond to of 164684

>>Forget this, they are going lower it seems.<< Michelle, what screen are you looking @. This looks a I-net rally to me. Even my Dscm is up a point over my last little dabble. Ps Aol calls I missed them:-)

To: Lizzie Tudor who wrote (73268)	8/11/1999 3:24:00 PM
From: Eric Wells	Respond to of 164684

>>Forget this, they are going lower it seems. I think this is difficult to call. The case for the bull's is: -Good 10 year note auction today -Likely good 30 year note auction tomorrow -Good beige book statistics Seems like there is no more negative news to absorb before Aug 24 - and it seems like everyone knows we're going to get a .25% hike on the 24th. Of course, the case for the bear's is the one I've been stating all along: -net stocks are over-valued -Y2k uncertainty -money flowing out of US (weak dollar) And then there are some international political concerns (if they have value in pricing stocks): -Continued tensions between India and Pakistan -North Korea making threats to Japan -Russia falling apart (politically and economically) I think I'll just bide my time and wait (perhaps focus more time on my consulting practice). -Eric