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

To: Zeev Hed who wrote (14656)	3/6/1998 8:01:00 AM
From: tekgk	Read Replies (1) \| Respond to of 18056

Zeev, Propped up - it's a free market isn't it? -g- Some interesting Facts S&P PE > 26, earnings growth 3.7% (First Call) and interest rates rising. I wonder what the plunge protection team is planning to counter this? On another more serious note - the situation in Kosovo appears very dangerous because it has the possibility of starting a war with outside countries (IMHO) - What are your thoughts?

To: Zeev Hed who wrote (14656)	3/6/1998 1:03:00 PM
From: Dug	Read Replies (2) \| Respond to of 18056

Zeev, I can't even begin to pick a month this year in which the markets fall but I think your right. Lets say after 8700, we should see a large drop sometime this year unless we are way off. Im starting to wonder myself. I don't think so, but its possible that the last leg of this extended bull run is under way. I think its gotta drop this year though, due to consolidation. Im all cash now & waiting for the correction which is when Ill make all long positions hoping to get out before the rest. Ive also taken into consideration a 3 year span in which things trade a little down but seriously doubt it. Its going to be interesting to watch earnings reductions over the next quarter also. Funny how Nikkei opened up last night. Unbelievable!!!! Regards, Dug