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

To: Cynic 2005 who wrote (15692)	5/12/1998 12:56:00 AM
From: Lee Lichterman III	Read Replies (1) \| Respond to of 18056

Anyone else notice a run by the "Smart money" for the defensive stocks lately. Seems that almost every chart I look at has topped in the last few weeks except for the mergers, hypes etc. I am starting to think the slow bleeding has started and no one is paying attention. If it weren't for PFE, K-TEL, DELL Chrysler etc, we would be down a few hundred points on the DOW already. I'm normally not a bear but... something is wrong in the bull pen. I am seeing too many good stocks falling to pre October PE's, PB's, PS's etc. While the defensive sectors are growing after a long lull. Am I alone in this theory? Is this just pre Fed meeting manuvering (sp) or is someone finally paying attention to Asia, reduced earnings expectations, etc?