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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments -- Ignore unavailable to you. Want to Upgrade?

To: drakes353 who wrote (4274)	10/17/1998 2:44:00 PM
From: RockyBalboa	Read Replies (1) \| Respond to of 18998

Drakes, we will see some surprise soon, after the sharp recovering rally leading the SP over 1050. biz.yahoo.com "Is this the right time for investors to jump back into the stock market? No, says Smiley. Stocks may be more susceptible now than ever before to a major sell-off. ... Wall Street is also advising the investors that if 'they snooze, they lose.' In other words, the best strategy is to buy into any corrections, regardless of whether it makes any sense from a fundamental standpoint. Smiley reckoned that investors may have developed a 1929-type market psychology that says stocks can only go higher. ... Wall Street may be in a state of denial. There are fewer good earnings out there but investors continue to project into the future the earnings growth of the past few years." Good news for proven bears after the week's bleeding? C.