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To: Fun-da-Mental#1 who wrote (58019)	8/23/1999 6:02:00 PM
From: pater tenebrarum	Respond to of 86076

Fun, i think not yet...but today sure looked like panic buying - incredible if one considers it's done ahead of an expected rate HIKE of all things. i agree that oil had been given up on right around the time it hit bottom. but the stock market rally is still greeted with skepticism - just look at the put/call ratios, which have stayed very high throughout this latest advance. this suggests that we are not yet near a significant high ; i admit a pullback in the wake of the FOMC is possible, but i also think it should be bought.