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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: AlienTech who wrote (20993)	10/21/1998 1:37:00 AM
From: IQBAL LATIF	Respond to of 50167

AT-- I see your point-- but when the entire yield curve shifts and we have normal 200 basis point differential in the short end and the long end I see no reason with a weakened $ to see a new life in corporate earnings- market will do what is always excessive on any sdie I would think that they will trap a lot of buyers and take it to new highs, the buying was the one opportunity at 1320 level on composite, if you overlooked that opportunity I think now one can only play still beaten down positions and as James is pointing rightly RUT, others will be a sweet ride for Idea thread people, one need to be nimble but the overall environment is just too good right now for the stock market and with earning surprises as I was predicting all along that earnings will kill the bear or mortally wound it are now an awakening call to everyone.. new highs are in sight but resistance like 8600 can be very nicely played--- every move up will be a event driven incident- the moves between now and Nov meeting will be most explosive as it will finally at one time post Nov meeting would be buy the rumor sell the news..