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To: Lucretius who wrote (11770)5/16/1998 8:30:00 PM
From: Terry Rose  Read Replies (1) | Respond to of 116815
 
Lucretius, The article you posted was enlightening. Anyone invested in these stocks has a hold of a ticking time bomb. Sooner or later the light will come on and these investors will note the trap that has been set by the mutual fund industry.

The flashpoint that market pros dread is a 20% correction. At these bloated levels the bull gets a coronary and will not be able to resurrect itself. Mutual fund's cash accounts are running on fumes. All new money is currently throw into the market to keep going what little inertia is left. The problem is that the higher stock prices go the more money that is required to push prices even higher. This law of physics has not been repealed. Eventually there will not be enough money earned, created, or borrowed to drive the market higher.

I recently bought some physical gold for crisis management. The following day I received my latest issue of "The Wall Street Underground". After reading it I bought some more gold the next day. In his latest issue he gave some insight into the games companies play in hiding costs and boosting earning reports to keep the mutual funds happy.

Terry,