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To: Jake0302 who wrote (2849)	7/11/1998 7:19:00 PM
From: dougjn	Read Replies (1) \| Respond to of 11568

Lehman and Solly (Grubman) have 12 month targests in the 65 area. Grubman has an 18 or so month target at 100. (He thinks multiple expansion into the GE sort of pantheon -- almost-- will have happened by then.) I think 60 is doable by the end of August. I think the market will be a very risky place in Sept/Oct. From today's vantage point at least. Combination of the summer rally runing it's course. Trading range. Traditional Sept/Oct. weakness. The reality dawning that the worst of Asia will happen in the last quarter of 98, and in the first half, AT LEAST, of 99. Combined with increasing Y2000 worries. Especially in Asia, which has done NADA to ameliorate. Leading to views that Asian depression will last until sometime into the middle of year 2000. This could all hit in the fall. Doug