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Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?

To: tekgk who wrote (6938)	11/3/1997 7:35:00 PM
From: Jack Clarke	Read Replies (2) \| Respond to of 18056

Tekgk: Jim Grant is the editor of Grant's Interest Rate Observer, arch fundamentalist and bear on this ultra-overvalued market. I'll be glad to send you his latest publication if you give me an address or a fax. His latest issue had some interesting and frightening (for the bulls) data on where the Dow would have to be just to get back to mean levels for the various valuation parameters. I love reading his "Jamesian" (another Barron's adjective) prose and agreeing with his analysis all the while my bearish positions are slowly drawing away my remaining capital. Losing the money isn't so bad; its bearing the scorn of all of the new era crowd who think the "fundamentals" are good because they heard it on TV. I'll stop whining and go re read your superb overview of the macroeconomics of this mania. Best, Jack