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Pastimes : The Naked Truth - Big Kahuna a Myth
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To: John Pitera who wrote (52491)7/21/1999 10:57:00 AM
From: Defrocked  Read Replies (2) of 86076
 
You've been hanging around this Thread too much.<g>

Actually, I started getting nervous over the weekend
because Luc was beginning to make some sense.<g> All
my long commodity positions are now gone and I am flat bonds,
even considering the long side. Stocks look vulnerable
and I am short Spoos. I know from past experience that's a
good way to lose money but the dollar's direction implies it
may be "different this time". Consider for a moment the impact
a negative close could have on this market today...IMHO it's
worth a short. Heck, it doesn't even have to be negative to
challenge the dipsters' confidence, only not broadly higher.

As for gold, it should improve as the dollar drops against the
yen and euro. Toss on top of that the growing Taiwan tensions
and you may have a winner.

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