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To: Trumptown who wrote (2575)	8/31/1998 8:10:00 PM
From: the truth	Read Replies (2) \| Respond to of 3335

As I said on my post on this thread, #2443, the market was headed for a real downturn. The "fundamentals" we have seen in the past have lost their flavour. The pe ratios are growing and the uncertainty overseas will only add to the carnage about to happen in the USA. And here in Canada for that matter. As for the VSE, it looks like we could see a this thing break the 300 level if the Dow continues to fall. The dow will continue to fall. Cash is king when things are bad. The mergers and acquisitions we have witnessed this year looked better than they were intended. These merged companies knew that a downturn was imminent. That downturn meant that cash and asset rich companies with low debt would make it. Even with high debt, a rich cash position could at least keep the companies afloat. This is bad. This is real bad. truth