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To: Jorge who wrote (21661)11/16/1997 12:57:00 PM
From: Paul Merriwether  Read Replies (2) | Respond to of 176387
 
Jorge
Thanks for the article. I obviously agree with the bears since I sold all my long positions on friday when everything was rallying.
I have put most of my retirment/mutual funds money out of the
"growth funds" that had given me an awesome return and into federal
securities funds. I am hoping to beat the "rush hour traffic" when
there is a run on stocks(and consequently mutual funds).
Another item that I would like to add to the list mentioned in your
article was that the tense situation in the Gulf is going to create
uncertainty(not that there is any doubt that US of A. is going to
come out victorious in case of a showdown!). However, the stock market
hates uncertainty and is likely to move lower until we have a known
outcome!
If the rally continues tomorrow, I am going to move the rest of my
money out of the growth fund/emerging markets fund and into some
ltraconservative retirement fund. The way I see it, I'd rather leave
some $$s on the table than lose my gains. I am betting that cash is
going to be king soon!
I guess the coming weeks will tell!