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the foudmentals are all still fully intact
inflation is low
35% of sp500 companies in first q actually beat their estimates
25% meet their estimates
10% miss by a penny
since most people are employed they spend money (which increase sales and
bottom line)
the biggest compitition to stocks are bonds and their yeild must go above
6.29 before any major shiffting is going to take place
my short term cycle is due to top 05/15/98
and bottom 05/20-05/25
sp500 may top fri@xxxxxxxxx
bottm (short term at 1080-1090)
happy trading
Ben
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