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To: FNS who wrote (16866)2/4/1999 11:26:00 PM
From: uu  Read Replies (1) | Respond to of 25814
 
FNS:

> but this could be only a bear rally... Bottomline, this market needs to correct...

There is so much money sitting on the sideline waiting to enter the equity market. With unemployment and infaltion at such low levels, and a very aggressive (and to some extend astute) investment mentality by the employed population, thoughts of being in a bear market can be deadly for a short (and painful for anyone who does not participate in the market). The only thing that (IMHO of course) can put a temporary halt to this extreme bull market will be a sudden jump in interest rates. I personally find it absolutely illogical for Alan G. and company not to continue dropping the interest rates. Forget about hiking the rates by the fed. With Asia still in trouble and Europe starting to lower its interest rates, any hike in US interest rates will be self destructive to the world economy (and consequently to the US economy). On top of that we have a congress that will not do a darn thing (thanks to all the impeachment nonesense), and that alone is a plus for the market!

Regards - Addi