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Strategies & Market Trends : Asia Forum -- Ignore unavailable to you. Want to Upgrade?

To: Lee who wrote (7451)	11/10/1998 3:20:00 PM
From: Z268	Respond to of 9980

Lee, re: "I'd like to wait through one more Fed easing, but I will have very little patience with the positions I plan to be out of by December 15." There seems to be a rising opinion that the Fed will not ease Nov 17, since this will only fuel the stock feeding frenzy (all money is short term, meanwhile capital continues to dry up). fyi, I went from 0% to 60% cash in my 401K last week, planning to be 100% by end Nov or sooner. On my non-401K holds, after loading up during the dip last month, have been gradually re-aligning my portfolio to cash up. I take a longer term view, and have not found the time (or inclination) to get into trading (yet). Internet stocks look interesting come the next correction. This seems to be a classic case of too much money chasing too few stocks, despite the extremely positive long term outlook for the Internet based economy, so current valuations are totally unrealistic in my view. The trick is, which ones are the future Dells, Intels, Ciscos and Microsofts of the Internet? It's all a dense fog at the moment...... Best, Steve.