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To: pater tenebrarum who wrote (114084)	7/23/2001 8:09:00 PM
From: Crimson Ghost	Read Replies (2) \| Respond to of 436258

Bill Fleckenstein reports that Wall Street equity allocations are about a high as they get. Looks like the inmates have taken over the asylum. They will be writing about this in the history books. " In the Can't Keep a Dead Fish Submerged department, Tom Galvin -- a head equity strategist/cheerleader -- recommended equity exposure to 95%. It's truly stunning to see that in the aggregate, Wall Street "strategists" have their highest recommended weighting toward equities in the last five years. Of course, this also applies to sentiment statistics. Ladies and gentlemen, that is why, between now and the end of the year, we're go to have a collapse in stock prices as people realize that they're set up exactly backward for what's about to happen."