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

To: Bonnie Bear who wrote (9551)	11/26/1997 6:53:00 PM
From: Don S.Boller	Respond to of 18056

Bonnie Dear: I really have no incite on direction. It does appear that, as we all know - it's overpriced now. This has been true for some time. Money from 401K's and pension plans keeps rolling in - most into mutual funds. What could stop this continual flow? Fear!!! Which, will cause the payors to seek alternative outlets. This will perforce need to be a really scary scenario IMHO. The public ("they") have been taught to buy all dips and SO Far that has proved to be reasonably sound. Sooo - what scare??? When your neighbor loses his job=recession But when you lose your own job ....it's now scary to YOU. Could the Asian mess do this now??? I'm not so sure. I have three grown sons - all in Hi-Tech (one is actually a "rocket scientist" ...from their prospective - there are now more jobs than qualified people to fill them. In summation - I have an IPO or two looking for a trade and some long term holdings and have recently sold (in Aug.) some techs (INTC e.g.) to raise cash . Best to you.