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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Robert O who wrote (39144)	11/5/2000 6:28:14 PM
From: Gottfried	Read Replies (4) \| Respond to of 70976

Robert, I'd have to make a chart of prime rate vs SP500 and it would be interesting. Is there another name for prime rate, or a proxy, in case I have trouble finding it? Gottfried

To: Robert O who wrote (39144)	11/5/2000 7:24:35 PM
From: Jerome	Respond to of 70976

On the matter of predictability... interest rates are a good indicator. In David Dreman's book "Contrarian Investment Strategy" he points out that Mutual Funds have the lowest cash positions at market peaks and the highest cash positions at market bottoms. But that was written over twenty years ago. Now with there being more mutual funds than NYSE and Nasdaq stocks I don't know if there is a reliable way to track that kind of data. Jerome