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The market is currently more extremely overvalued according to the
Earnings/TBill Ratio than it has been since 1920's. I've seen quite a number
of forecasts for a major top due between Friday (last) and Wednesday based
upon various cycle methods. Compaq's warned after Friday close that earnings
would fall far short of expectation. Take your pick.
Earl
-----Original Message-----
From: John Cappello <jvc689@xxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Date: Sunday, April 11, 1999 5:10 PM
Subject: Globex Nasdaq / S&P Sell-off
>To List:
>
>Any ideas on the timing of this sell-off now underway.Nasdaq down
>50; S&P down 25.
>
>John
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