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Date Posted: 12:45:43 06/02/00 Fri
Author: Marty
Subject: I agree.
In reply to: warren 's message, "Be on the look out for profit taking early next week..." on 10:09:38 06/02/00 Fri

should have had more in stocks and less in cash, but they cant steal whats cash. Taking profits everywhere at the end of the day before the bell. Nas is up almost 30% from last weeks low, too much too fast! Economy slowing, I say once again, is good for greenspan but not for stocks. The prices these days are based heavily on speculation of growth of revs as a way of estimating the growth of the company. If the economy is slowing, they wont raise rates, however, the revs as a result of lack of growth/buyers will suffer. If earnings stop beating the street as we have already seen with fdry, ffiv, etc., then the high prices of the past will be history short term. I have almost everything on my list up 50-100% from the lows of last week. Not a time to buy from past experiences. No fear here that a run will be missed. The effects of the 1/2 point hike won't be seen for some time yet. There is the possibility that greenspan has already done to much. Economic slowdown could be ecomic down turn with resulting loss of the edge that the US enjoys or enjoyed. Greenspan has more and more been focused on the stock price valuations, therefore, he wont like seeing it run too long. Profits will be taken for fortunes were made this week.

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