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Strategies & Market Trends : Value Investing

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To: James Clarke who wrote (8352)	9/23/1999 10:56:00 PM
From: Michael Burry	Read Replies (1) of 79052

that the Dow went through a significant support level like a hot knife through butter. And the S+P went through a minor support level. That's what I would be talking about if I was an institutional analyst, or on Wall Street. The comment was absolutely nothing. It was just the pin. And as I said yesterday on the Buffettology thread, the tech rally was creating a false impression that the market wasn't about to break support. 276 new lows today, and the time period includes last October, so these aren't just any old 52-week lows, and that was not just any old support. I've spoken before about the down thursday,down friday, crash monday scenario. Santa, it's all I want for Christmas, and I don't mind it early. Mike

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