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To: scotty who wrote (4394)12/17/1997 2:23:00 PM
From: PaulM  Read Replies (1) | Respond to of 116753
 
Watching the world's stock markets these past weeks. Talk about a popular delusion.

It's clear equity fund manager still have lots of cash coming in. The markets want to go up big every day.

Then pesky details arise--like earnings and charges--and spoil the fun.
If we have this many earnings disappointments now, the next quarter will be much more interesting.