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To: Defrocked who wrote (3831)	8/13/1998 4:08:00 PM
From: yard_man	Read Replies (2) \| Respond to of 86076

Saw this and liked part of it: (scroll down to bold) INTERVIEW - Fund adviser sees bull fighting back NEW YORK, Aug 13 (Reuters) - Gary Anderson, who advises money managers, said on Thursday he thinks the stock market bear is winded after a robust round of selling, and that the bull may be ready to take charge again. ''The market is just so incredibly oversold that the bull, the old market champ, may make a comeback,'' said Anderson. Anderson, of Anderson & Loe in Eugene, Ore., said he had recommended that clients sell on July 20. But he said that late on Wednesday he started advising portfolio managers that this might be the right time to dip back into the market. ''The market is certainly chaotic to some degree,'' he told Reuters. ''The smooth flow of capital we saw earlier in the bull trend has been disrupted and now we are in a market where you need to have more of a trading orientation.'' Anderson said he thought the market bull might have a strong rally left in it, likening it to Muhammed Ali's famous ''rope a dope'' boxing strategy seen in his 1974 ''Rumble in the Jungle'' fight against George Foreman in Kinsasha in what was then Zaire. Ali, a few years past his younger, flashier days, allowed himself to be backed into the ropes by Foreman. Foreman then tired himself out by battering Ali, who was strong enough to withstand the blows and come back swinging. Ali knocked out Foreman in the eighth round. ''Now, the bears have taken the market right to its support levels -- the ropes,'' said Anderson. ''Now my sense is, the bull is not done. We could get some kind of new rally. ''He's old, but he's not out. He's crafty, and his enemies may be somewhat exhausted,'' he said. Anderson said he was not yet sure whether a rally would be a new up-leg for the market or just a short-lived blip. ''Even if this is a bear market, and I'm not saying it is, then the first rally in a bear market is generally the best one,'' he said. Loe said he recommended buying large blue chips ''the usual suspects'' are the best way to play a rally. He said although there are some signs small caps are could move back up, investors are by and large still betting on large caps.