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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Daniel Ray who wrote (24797)	8/21/1998 1:51:00 PM
From: P.T.Burnem	Respond to of 94695

My opinion is: international uncertainty will bid up U.S. Bonds and the resultant decline in market interest rates will power equities towards a new high sometime this year. First, US equities and treasury's have been inversely correlated for quite a while. Second, I do not recall a year when the stock market made another high in the fall. This looks like a garden-variety (20-25% bear market to me. I am betting that we'll have a counter-rally, followed by another leg down sometime in October. PTB