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To: Ilaine who wrote (11656)11/20/1998 4:14:00 PM
From: MythMan  Read Replies (1) | Respond to of 86076
 
Well, there are no more dips. I mean committing large sums of cash at 2:00 PM each day. It is automatic. Also, must do it on margin since all risk appears to have been removed from stocks by the Fed.

I spoke with an old friend today with a Corporate Finance background with a Fortune 50 co who is old enough to no better. He flat out believes that Fed will support market completely, that market isn't overvalued and will remain fully invested. I was stunned. He feels risks are low..Arggh!!

MM



To: Ilaine who wrote (11656)11/20/1998 4:34:00 PM
From: Paul Shread  Read Replies (2) | Respond to of 86076
 
The DJIA just became the last of the major averages to close 20% above its low; I believe by definition we are now definitely out of the bear market, if we weren't already. And the big indicator, MER, was up $4 and has doubled off its lows. Looks like new highs soon, IMHO.


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