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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 683.41

+0.2%

Nov 3 4:00 PM EST

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To: Matthew L. Jones who wrote (29846)	10/15/1999 2:26:00 PM
From: Lee Lichterman III	Read Replies (2) of 99985

I have to take issue with your post despite being 120 posts behind. AG told the darn truth and all around SI I see people blaming him for this. He has warned and warned and warned this market for 10 years it was totally out of hand. History showed this was out of hand. You state the market would have corrected itself without the bloodshed.. bull pucky! The market has been increasing the bubble for 10 stinking years without correcting itself. When are we going to do it? When the average PE ratio is four hundred million and sixty seven??????? I am appaulled to see PMCS up 5 points, Micron up 2 points, SUNW up to 95 etc etc . Even after Greenspan, the highest PPI jump in 9 years, the dollar getting whacked etc, people are still bidding the markets up. Heck I am pissed because I didn't get some calls this morning on a limit order as I expected this to get uglier than it has and had my bid too low. We haven't even begun to correct and once again thank god I am not AG because if this is what people call a correction with the environment I stated above, I would raise the rates a full point to get MY point across. We should have hit the one hour break curb, then re-opened and hit the close the market curb by now. Instead my tracking portfolio of 57 stocks is only down 1.6% Sorry to go off here but it was not just you but about 20 messages I have read since I walked in the door 30 minutes ago. THIS IS NOT AG's FAULT. it is the fault of all those that paid a few thousand bucks for tulips that sell at K-mart for a buck a bag. LG - I tried to write you last night to say I too was having problems posting to Timber Bear but couldn't get either posts to work so finally gave up when I had to go to work. Good Luck, Lee

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