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To: benwood who wrote (104660)	5/24/2001 6:23:23 PM
From: pater tenebrarum	Read Replies (1) \| Respond to of 436258

i agree basically that for a while, it doesn't matter. especially as long as credit continues to expand at breath-taking rates. that's the one bullish fundamental element, the incredible growth of the money supply. while we're talking 'they', this is the reason why i'm contrasting the AAII poll (individual investor poll) and the Rydex ratios with the positioning of the commercials...essentially a snapshot of 'dumb' vs. 'smart' money expectations. doesn't bode well for the summer.