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Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?

To: Crimson Ghost who wrote (17131)11/24/1998 2:19:00 PM
From: Zeev Hed  Read Replies (3) | Respond to of 18056
 
George, actually, I think that we are within 100 Dow points of an intermediate top here, just in time to go down early in December few hundreds Dow points and setting the stage for the traditional year end rally. Traditionally, we get seasonal strength at the end of this week, but I think we got most of the strength we will get. Maybe today might even be a reversal, but with the Internet craze, who knows. Note that the put/call ratio finally abated and the specialists and member are once more in full swing on the short side.

Zeev



To: Crimson Ghost who wrote (17131)11/24/1998 5:41:00 PM
From: Mike M2  Read Replies (1) | Respond to of 18056
 
George, one thing to add to your worry list is the fact that consumer debt as a % of after tax income is at record levels. I don't have the precise figure but a promotional newsletter I received has a graph where it looks to be at 100%. Mike


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