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To: Box-By-The-Riviera™ who wrote (17288)	6/12/1998 2:19:00 PM
From: Steve Porter	Read Replies (1) \| Respond to of 45548

All: I scooped a couple thou at 23 15/16? Approve or should I have wait? Steve

To: Box-By-The-Riviera™ who wrote (17288)	6/12/1998 2:30:00 PM
From: Wayners	Read Replies (4) \| Respond to of 45548

I don't know if you have read Martin Zweig's book, but he describes the elements necessary hisorically for a bear market (20% plus drop). The factors are deflation, inverted yield curve and P/E ratio for S&P 500 in high 20s. Looking at commodity price trends, there's a deflation argument. Inverted yield needs to stay inverted for a prolonged amount of time. I think we're just getting started there. I remember in Fall 1995 an inverted yield curve. It didn't last long. We've got the high P/E ratio. I hope I haven't talked myself into a bigger correction <g>.