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To: Rich Young who wrote (20997)3/12/1998 4:29:00 PM
From: Spartex  Respond to of 42771
 
Rich,

You are correct, ever since the Asian thing in October, the cross-currents have been incredible. Decreasing earnings outlook, Lewinsky, Asia, and Iraq versus lower interest rates, powerful US economy, lots of cash going into stocks, and strong employment.

Right now the bulls are winning, but the cycle will oscillate. I do see in a minimal sense a consolidation of the market soon, and maybe a 5-8%+ correction by June-July period.

Quad-K


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