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To: Bill Harmond who wrote (4928)12/23/1997 12:23:00 AM
From: Peter Goss  Read Replies (2) | Respond to of 27307
 
I agree; in fact, I want to fill out my position if we get a rally into the first part of Jan. There is so much liquidity that the index guys will put to work - unless there is some bigger crisis in the next few days/weeks that will cause Joe Mutual Fund to change his/her allocation. That is what will be the catalyst. Korea defaults; earnings are proven to be lousy; Japanese credit implosion. All the analysts are so blase about the situation - pretty scary. They are way under anticipating how perfectly tuned stock prices are right now.

Peter G.