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To: gbh who wrote (55969)10/16/1998 9:26:00 AM
From: Glenn D. Rudolph  Read Replies (2) | Respond to of 61433
 

Glenn, we did re-test the closing low of 7500 (early Sest), and we held. I don't think its
likely we get that low again. I think we hold at least a couple hundred points above that
on any subsequent dip.

The Fed's new proactive stance will give fund managers more confidence to deploy IMO.

Gary,

I am just thinking about next quarter company earnings in general.

Glenn



To: gbh who wrote (55969)10/16/1998 1:35:00 PM
From: garrick le  Read Replies (1) | Respond to of 61433
 
Previously,I believe we will retest 7500 once more but due to the
rate cut,I think 8000 is the new floor now,IMHO.
Of course that is barring any real bad news in the financial sector.

GL


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