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Pastimes : All Clowns Must Be Destroyed -- Ignore unavailable to you. Want to Upgrade?

To: accountclosed who wrote (31058)	5/4/2000 10:15:00 AM
From: bill meehan	Read Replies (2) \| Respond to of 42523

As best as I can recall I suggested that defensively positioned investors (meaning underweight tech and holding at least 35% cash) should do what I've been...nothing. Looking for 2900 area on COMP. Mentioned the Barron's Big Money Poll showing >70% pros believe that stock prices are "untethered from company fundamentals." And in response to the question "shouldn't the strong earnings reported support higher prices" that prices had already advance well beyond overall earnings growth and that the interest rate and inflation picture isn't what it was expected to be. Pointed out that when SPX eps growth >20% historical market returns have significantly lagged cash. Noted recent moves in CRB and suggested those looking to put money into the market should consider some of the cyclicals. Probably some other stuff, but I really don't remember. If I come across a transcript I'll send it to you.