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

To: tekgk who wrote (11881)	12/19/1997 8:57:00 AM
From: edward miller	Respond to of 18056

That's an interesting chart (which I've seen before), but I think something is missing. The cost of money. Other people subtract cost of money to obtain a "real" free money indicator. One I am aware of is Fosback of Mutual Fund Forecaster. I'm not touting this guy, but the cost of money is important IMHO. By the way, his indicators also indicate there is essentially no money left to add. For the most part, investors need to raise cash from stock in order to make new stock purchases. Ed Miller