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To: gc who wrote (19077)10/25/1997 3:56:00 AM
From: Chuzzlewit  Respond to of 176388
 
Gary, you wrote "We are in the midst of a correction." and I agree. What makes this correction interesting, and probably much milder than most is the fact that long interest rates are falling as Asian dollars flow into the US. That should make higher P/E's sustainable, or at the least temper the size of the correction.

Regards,

Paul


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