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Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?

To: Cynic 2005 who wrote (17652)	3/16/1999 9:57:00 AM
From: Wren	Respond to of 18056

Three interesting items on market crashes, actual or potential NY Times headlines before, during and after 1929 crash sac.uky.edu Peter Eliades update for 3/12/99 Message 8310676 Princeton Economic Institute - Beware the Ides of March pei-intl.com

To: Cynic 2005 who wrote (17652)	3/16/1999 12:43:00 PM
From: Mark Ivan	Read Replies (6) \| Respond to of 18056

All, I personally think there is still just TOO MUCH money sitting in money market funds at thia point to justify a big drop. The figure I heard a few weeks ago was in the billions I beleive. With so much emphasis on DOW 10000, everyone thinks we will get there (we did today) but also everyone thinks it is the TOP. My guess is we will break thru and close above 10000 this week. This will ease everyone's fear of 10000 being the top. All that money market dollars will then be plowed recklessly into the market, and THEN you wil see the big drop. This should coiencide nicely with options expiry next week. Thus I predict 10250 or so by sometime end of next week or beginning of week after (intra day high) and then we drop. MArk