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To: SJS who wrote (1033)7/12/1998 4:22:00 PM
From: waverider  Read Replies (2) | Respond to of 14427
 
You guys have probably seen it already but looks like the Japan election results look nasty for the markets next week.

LT referring to that cash level chart at:

marketgauge.com

I am wondering whether or not the parameters have changed a bit since billions of dollars are moving into the markets a week via payroll deductions etc. My thoughts are that the equation has changed quite a bit and the cash level is not as bearish as it appears. However, you have mentioned the panic phone call switch some retirement investors may use to send their money to money market funds rather than into equities.

Regardless, the bearish case is getting stronger each day.

<H>

Anyone care to share their bargain list?
I'm waiting for FGII, EVI, VRC, Home Depot, Cisco, Disney and a little operation called Papa John's Pizza PZZA...believe it or not it is one of those stocks Lynch talks about in one's own back yard. Still pricey, however. Damn good Pizza.