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To: SliderOnTheBlack who wrote (34613)1/9/1999 11:13:00 AM
From: Crimson Ghost  Respond to of 95453
 
Slider:

The market was around 6500 when Greenspan first used the term "irrational exhuberance". Has risen 50% since then. Greenspan is going have to put up or shut up. I wonder if he is really serious about deflating the bubble or just trying to cover his ass so he will not be blamed for the inevitable collapse.

Cautiously optimistic article from Barron's.

interactive.wsj.com



To: SliderOnTheBlack who wrote (34613)1/9/1999 11:23:00 AM
From: Crimson Ghost  Respond to of 95453
 
Slider:

Heavily weighted with relatively cheap cyclicals I do not see the Dow correcting much in the near future. But the NASDAQ is something else again. Acting very toppy on huge volume. This probably will be back below 2000 before long.

Dow bull may continue a few more months. And energy service stocks could keep trending higher through mid-year. This usually is one of the last sectors to soar in a bull market.