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To: KeepItSimple who wrote (35512)	1/20/1999 11:42:00 AM
From: tonyt	Read Replies (1) \| Respond to of 164684

His statement that "The level of equity prices would appear to envision substantially greater growth of profits than has been experienced of late," sound like a warning to me, as does his statement that "and a decline in equity values, especially a severe one, could lead to a considerable weakening of consumer demand." Sounds to me like another way of saying 'irrational exuberance' You're interpreting this to mean that AG say's its OK that the NAZ is up almost 10% already this year. I interpret it as a warning that 'trees don't grow to the sky'