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Non-Tech : Bill Wexler's Dog Pound -- Ignore unavailable to you. Want to Upgrade?

To: McNabb Brothers who wrote (5598)	12/20/1999 11:56:00 PM
From: Bill Wexler	Respond to of 10293

There is just so much secular growth in tech for the foreseeable future that I don't see the inevitable tightenings really killing the NASDAQ. It may make for a lot of air pockets in the internuts and "dead" industries will certainly get hurt, but I don't think it'll launch an all-out bear market. Once you see signs of recession coupled with high interest rates...then we can talk. Frankly - in the short term - I'm more concerned about too much investor enthusiasm and not enough pessimism. It caused me to take money off the table and hedge, but I still remain very long.