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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 670.92

+0.1%

Nov 7 4:00 PM EST

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To: Benkea who wrote (30062)	10/15/1999 9:01:00 PM
From: bobby beara	Read Replies (3) of 99985

I'm still holding a bunch of Nov 800 calls on the OEX! Benkea, this is Ure's quote, he has been calling a crash since 1997 on his website, it would be quite apropos for him to be long calls going into a bear market. From watching tonights NBR the "new era" sentiment is that risk premiums are no longer valid since the public has bought the long term investing approach and there is no need for risk premium. I guess there is no more wall of worry, everybody is looking for the buying opportunity. There is a horde of "Henry Ford's elevator operator" types recommending the next hot internet play out there and they all have web sites. bb

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