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Non-Tech : Doc Stone's Bierstube und Trading Room -- Ignore unavailable to you. Want to Upgrade?

To: Robert F. Newton who wrote (534)	2/20/1999 5:24:00 PM
From: M. Frank Greiffenstein	Read Replies (1) \| Respond to of 638

Building cash... I have been building cash as well. I don't worry about my long temr holds and rarely post on them. Why bother talking up a stock up that you aren't going to part with anyway, LOL? With the exception of TAVA, I have not made any big $$ comittments to any stock. Corporate eanrings just aren't going to grow much this year, and the Fed can't reduce itnerest rates anymore because the economy has heated up. Labor costs are rising but companies do not have any pricing power. This will collapse margins. Brazil is about to implode and take Latin American with it. China will have not choice but to devalue the Yuan. Big troubles await! BTW, you may be curious to know that Japan Small Company funds are doing very well. Fidelity Japan Small COmpany has grown from $5.13 to over $8 in a few months. Something very positive is going on over there that is not getting any press here. The Japanese may finally be encouraging the growth of small innovative companies. DocStone