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MARKET SAVVY | Merger Monday

Voices

November 24, 1998

"With this latest surge in optimistic speculation, it actually reinforces our confidence that another bout of fear is awaiting the market in the weeks ahead."

--Don Hays, director of investment strategy at Wheat First Union, in a market commentary

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"When a big merger is announced and the acquiring company's stock rises, it spurs other companies on the verge of merger and acquisition activity."

--David Rolfe, chief investment officer with Wedgewood Partners

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"We think economic growth in the U.S. will still be favorable at 2.5% to 3%. . . . Interest rates will remain low because of excess capacity in foreign markets. And by the end of December, in all likelihood people will recognize they're already two years into the Asian crises and the third year won't be as bad as the first two. We'll be starting to come out of the global quagmire, which will make people more optimistic on the global outlook for stocks."

--Thomas Galvin, chief investment officer at Donaldson Lufkin & Jenrette, on why he thinks the Dow could hit 11,000. As told to TheStreet.com

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"I'll probably see a flood of money when the market tops."

--Robert Boyd, manager of the UAM ICM Equity fund

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