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To: kvogel who wrote (27365)	12/3/1998 9:09:00 AM
From: DWCraig	Read Replies (2) \| Respond to of 36349

Karl, are you in the funeral business? :) --Doug

To: kvogel who wrote (27365)	12/3/1998 9:54:00 PM
From: P314159d	Read Replies (1) \| Respond to of 36349

Yes six months of NAPM below 50 usually a good indicator of slippage but not crashing yet. Inventories and prices are excessive weak, so certainly the profits are less than stellar going forward. So what is your take on the market overall, it certainly doesn't reflect this gloomy scenario. I believe '99 profit numbers are still projected in double digits, which is the same as 6 months ago for this 6 month period ( Q3 & Q4 and got promptly revised to zero). But here we are just grazing new highs?! Is this some vicious double top?