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To: Broken_Clock who wrote (7086)2/1/1999 7:59:00 PM
From: Lucretius  Read Replies (1) | Respond to of 14427
 
bond mkt has much lower to go... check this out:

biz.yahoo.com

these are the key quotes IMO:

The declines came amid thin volume.
[my note--(liquidity is drying up)]

Momentum simply got the best of the market, said Gerald Guild, chief taxable fixed income strategist at Advest Inc.

''There is no justification, that I can think of, why the market should be this low today,'' Guild said.

[nobody has a clue why there is selling which means there's lots more on the way]



To: Broken_Clock who wrote (7086)2/1/1999 9:24:00 PM
From: SJS  Read Replies (1) | Respond to of 14427
 
PK, that's a good question. Judging by Fidelity's Select Electronics fund (up 20.66% in January...), I think electronics are the place to be.

MU might come down some, but going back to 20 or lower in the ST on FUNDAMENTALS (or even this year) is not in the cards, by my way of thinking.

If they get caught with some "fudging" or other shenanigans, well......that's a different story.

Regards,


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