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To: Lola who wrote (84)9/12/1999 1:04:00 PM
From: Voltaire  Read Replies (2) | Respond to of 35685
 
Hi Lola,

To me, one of the most overrated scenarios that has ever permeated the investment world is that there will be a lot of selling because of the Y2K bunk. First of all the type of investor that would in all probability sell would be individuals with a 40% tax bill, in my opinion, no way! It will be a case of less buying as opposed to drastic selling.

There are two reasons why I feel the way I do.

1. Earnings are going to be too good for the correction to occur before the last week of Oct. to the first week of Nov.

2. One thing that will always give support to the stock market is " good expectations ', well that is exactly what we will have in looking forward to Jan. 2000. Now with that in mind, one has to realize that the positioning for the stocks that will move in a big way in 2000 will take place earlier than normal. In other words we should see a semi- Jan effect take place earlier than normal.

With the above in mind, I feel about the only period for a small correction will come around the second week of Nov. to the first week of December, then look out, the greatest rally we have seen in quite sometime will begin.

From the porch,

Voltaire