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Technology Stocks : Egghead Computer (EGGS) -- Ignore unavailable to you. Want to Upgrade?

To: Norman Klein who wrote (4510)	12/12/1998 8:04:00 PM
From: Kip518	Read Replies (2) \| Respond to of 8307

Steve & Norman, you may both be right, but watch the dollar. The first sign that foreigners are taking the impeachment more seriously than you both seem to imagine Americans are will be that the dollar gets hammered. It is already vulnerable from foreign selling into the new Euro. A rapidly weakening dollar will hurt both bonds & equities as foreign money flees. Unlike October, AG will not have the same potent ammunition with which to counter the next market downturn. Declining interest rates lift markets only when the currency is strong. I don't mean to be a Cassandra, but bull markets end in the kind of complacency you are expressing...fear comes later. IMO, Monday is a good day to dump one's weakest longs & go short or to cash. Impeachment may well be the rock that starts a landslide. You think I'm alarmist, which may well be true, but even if you don't agree with me, my advice won't hurt you. It is simply, stay nimble. Risk is high this coming week. Best wishes, Kip